June 12, 2018/US SEC The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch agreed to repay more than $10.5 million […]
Frauds & Scandals
Court Enters Consent Judgment against Robert M. Morano
June 11, 2018/US SEC The U.S. District Court for the District of Oregon entered a consent judgment against Robert M. Morano on May 16, 2018, in an insider trading case brought by the Securities and Exchange Commission. The SEC charged Morano, a former employee of UTi Worldwide, Inc., with insider […]
Bitcoin tumbles as hackers hit S.Korean exchange Coinrail
10/6/2018/Reuters South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, sparking a steep fall in bitcoin amid renewed concerns about security at virtual currency exchanges as global policy makers struggled to regulate trading in the digital asset. In a statement on its website on Monday, Coinrail said […]
