May 30, 2024/US SEC The Securities and Exchange Commission has charged Charlotte, North Carolina resident Frank Lynold Mercado and the unregistered advisory firm that he controlled, Tiger Wolf Capital, LLC, with defrauding more than 100 investors through a Ponzi scheme. According to the SEC’s complaint, between August 2019 and February […]
Frauds & Scandals
SEC Charges Advisory Firm Mass Ave Global and Co-Founder and CEO Winston Feng with False Statements and Undisclosed Conflicts
May 30, 2024/US SEC The Securities and Exchange Commission today instituted settled proceedings against formerly registered investment adviser Mass Ave Global Inc. (MassAve) and its co-founder and CEO Winston M. Feng for making false and misleading statements to investors in MassAve’s flagship opportunity fund. To settle the SEC’s charges, MassAve […]
SEC Charges Intercontinental Exchange and Nine Affiliates Including the New York Stock Exchange with Failing to Inform the Commission of a Cyber Intrusion
May 23, 2024/US SEC The Securities and Exchange Commission today announced that The Intercontinental Exchange, Inc. (ICE) agreed to pay a $10 million penalty to settle charges that it caused the failure of nine wholly-owned subsidiaries, including the New York Stock Exchange, to timely inform the SEC of a cyber […]