Frauds & Scandals

FINRA Sanctions Morgan Stanley $13m In Fines And Restitution

Culled—Proshare 25/9/2017/FINRA The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Morgan Stanley Smith Barney LLC $3.25 million and required the firm to pay approximately $9.78 million in restitution to more than 3,000 affected customers for failing to supervise its representatives’ short-term trades of unit investment trusts […]

CryptoMetalExchange will usurp dominant fraudulent paper schemes currently perpetrated on COMEX, LBMA

September 21, 2017/MetalZoom.Energy MetalZoom.Energy (the “Company”) (www.MetalZoom.energy) advises that it has embarked upon the creation of the world’s first Crypto Metal Exchange. The founder of MetalZoom.Energy Marc Ward tells us “Our Crypto-Metal Exchange will provide a platform for miners to auction physical metal to the global consumer without any interference. […]

Two more firms fire KPMG as corporate South Africa weighs links with auditor

19/9/2017/Reuters A South African broker and an energy investment firm fired KPMG on Tuesday, two of a host of local firms weighing whether to ditch the auditor to distance themselves from a scandal involving business friends of President Jacob Zuma. Sasfin and Hulisani, both relatively small financial companies based in […]