CFTC Takes Action Against Louisiana Firms in Forex Fraud Scheme
The CFTC has filed a lawsuit against NOLA FX Capital Management and Meteor, LLC, for defrauding investors out of over $7.6 million in a forex scam.
Ex-Philippine Mayor Tied to $30M Crypto Scam Unveiled
Former Philippine mayor Alice Guo is tied to a $30M crypto fraud in the Atom Asset Exchange scam, raising concerns about crypto fraud and governance in Southeast Asia.
Coinbase vs. SEC: The Push for Hidden Ethereum Files
Coinbase is seeking to compel the U.S. Securities and Exchange Commission (SEC) to release internal communications regarding the agency's views on Ethereum (ETH) and other digital tokens.
Yuan Volatility Surges as US Election Approaches
As US elections near, yuan volatility surges. Traders brace for tariff risks and market swings, preparing for potential economic shifts under Trump or Harris policies.
TD Bank Fined $3B, Pleads Guilty in Money Laundering Case
TD Bank pleads guilty and agrees to a $3B fine for money laundering. The largest penalty for a bank; requires compliance upgrades and asset caps to prevent future issues.
CFTC, DOJ, SEC First Coordinated Action on Carbon Fraud Case
CFTC, DOJ, and SEC announced its first coordinated federal action against voluntary carbon market fraud involving CQC, highlighting the need for stricter regulation of carbon offsets.
Cumberland DRW Faces SEC Charges for Unregistered Crypto Asset Dealings
The Securities and Exchange Commission (SEC) has filed charges against Chicago-based Cumberland DRW LLC for operating as an unregistered dealer in crypto assets valued at over $2 billion, allegedly in violation of federal securities laws
FBI and SEC Crackdown on Market Makers in Cryptocurrency Fraud
FBI and SEC charge 18 individuals in cryptocurrency fraud, exposing wash trading, pump and dump schemes, and $25M in seized assets in the U.S., UK, and Portugal.
SEC Cracks Down on Fake Crypto Platforms: $75Billion in Investor Losses Exposed in Relationship Scam
The U.S. Securities and Exchange Commission (SEC) has taken significant action against two allegedly fraudulent cryptocurrency platforms, NanoBit and CoinW6. These platforms are accused of deceiving investors and siphoning off their money in elaborate schemes
U.S. Urges Nigeria to Release Detained Binance Worker
The U.S. calls for Nigeria to release detained Binance employee Tigran Gambaryan, citing health concerns, as tensions rise in diplomatic relations.
Judge Lets Coinbase Shareholder Suit Proceed Over SEC Risk Claims
US judge allows Coinbase shareholder lawsuit to proceed, focusing on claims of misleading SEC risk information. The key ruling impacts Coinbase and investors.
CFTC Fines Nasdaq Futures $22M for Providing Misleading Info
CFTC fines Nasdaq Futures $22M for providing misleading info and violating Core Principles. This penalty underscores the importance of transparency in financial markets.
SEC Charges Two Brothers in $60 Million Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) has taken decisive legal action against Jonathan Adam and Tanner Adam, accusing the two brothers of orchestrating a $60 million Ponzi scheme.
SEC Charges Abra Over Unregistered Crypto Lending Product and Investment Activities
The Securities and Exchange Commission (SEC) has brought charges against Abra, a crypto asset platform operated by Plutus Lending LLC, for allegedly failing to register its retail crypto asset lending product, Abra Earn. The SEC's actions also include allegations that Abra operated as an unregistered investment company, raising significant concerns about investor protection and regulatory compliance within the crypto industry.
Top Financial Firms Face Massive Fines by SEC
The U.S. Securities and Exchange Commission (SEC) recently announced a significant enforcement action against 26 financial firms, including broker-dealers and registered investment advisers. These firms have agreed to collectively pay $392.75 million in civil penalties due to their failure to maintain records of off-channel communications.
US Inflation Cools, But Economic Pressures Still Remain
Inflation shows signs of cooling in the U.S., but persistent economic pressures, particularly housing and utilities, continue to challenge growth.
Lawsuit Against Binance.US Over HEX Token Manipulation Revived
A U.S. appeals court has revived a class-action lawsuit against Binance.US, which accuses the cryptocurrency exchange of manipulating the HEX token’s price, reopening a legal battle involving significant financial claims and regulatory scrutiny.
SEC Philippines Warns Against eToro Promotion
The Securities and Exchange Commission (SEC) of the Philippines has issued a stern warning against promoting eToro within the nation due to the broker's lack of authorization, potentially resulting in severe penalties, while eToro denies active promotion amidst regulatory scrutiny.
SEC Accuses 17 People in $300 Million CryptoFX Ponzi Scheme
The SEC charges 17 individuals in a massive $300 million Ponzi scheme involving CryptoFX, affecting over 40,000 investors, mainly from the Latino community. Promising high returns from cryptocurrency investments, the scheme operated across 11 states and two countries, failing to invest as promised.
PH SEC Alerts on ROLLYX TRADING Unlicensed Investment Scheme
Philippine Securities and Exchange Commission issues alert on ROLLYX TRADING's illegal investment schemes. Public warned against unlicensed activities promising high returns without proper registration.
