April 4, 2024/US SEC The Securities and Exchange Commission today announced charges against registered investment adviser Senvest Management LLC for widespread and longstanding failures to maintain and preserve certain electronic communications. The SEC also charged Senvest with failing to enforce its code of ethics. To settle this matter, Senvest admitted […]
Frauds & Scandals
SEC Obtains Final Judgment Against Canadian Individual in Microcap Fraud Scheme Targeting Retail Investors
March 29, 2024/US SEC On March 27, 2024, the U.S. District Court for the Eastern District of New York entered a final judgment against Canadian resident Fabrizio Di Carlo whom the SEC had charged for his role in a microcap fraud scheme targeting retail investors. Among other things, the judgment […]
AfDB Debars China Henan International Cooperation for 12 Months for Fraud
During the debarment period, China Henan International Cooperation Group Company Limited and specified affiliates will be ineligible to participate in Bank Group-financed activities March 29, 2024/AfDB The African Development Bank Group, on 28 March 2024, announces the conclusion of a negotiated settlement agreement with China Henan International Cooperation Group Company […]
