by Jyotsna Bucktowar | Jul 2, 2024
The SEC charged Silvergate and its executives with misleading investors about the company’s losses from expected securities sales and its dire financial condition during a liquidity crisis and bank run following FTX’s collapse. Silvergate and Martino...
by Jyotsna Bucktowar | Jul 1, 2024
US prosecutors revealed that drug traffickers chose Citigroup for ML due to its perceived weaker fraud controls. In January 2021, two California residents deposited nearly $36,000 in illicit cash at Citi ATMs by splitting the amount into smaller transactions to avoid...
by Jyotsna Bucktowar | Jun 21, 2024
The FAQs provide essential clarifications on reporting obligations, required information and compliance procedures which are crucial for businesses to understand and adhere to under the new regulations…
by Jyotsna Bucktowar | Jun 12, 2024
JAG Advisors, deceived approximately nine investors by misrepresenting nearly every aspect of the fund, including its performance and risks. The principal of JAG Advisors, allegedly diverted $1.1 million for personal expenses such as travel and jewellery, and lost...
by Jyotsna Bucktowar | Jun 10, 2024
The US SEC recently won courtroom victories in insider trading and crypto actions, initiated its first off-channel communications action and initiated the second round of settled actions under the Advisers Act Marketing Rule…
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