by AdrianaAMLP | Jan 17, 2025
Reports 200 enforcement actions in the first quarter of fiscal year 2025 (October-December 2024), including 118 standalone actions, marking the highest number of filings for this period since 2000. Of these, 75 were filed in October 2024 alone. The cases addressed...
by Jyotsna Bucktowar | Dec 12, 2024
To settle the charges, MSSB agreed to pay a $15 million penalty and accept certain undertakings. The primary issue was the lack of proper controls over ACH payments and wire transfers, enabling financial advisors to divert funds to themselves…...
by Jyotsna Bucktowar | Dec 11, 2024
The defendants created fake websites and social media profiles to attract U.S. investors, promising high returns and manipulating investment platforms. In a parallel criminal case, the U.S. Attorney’s Office has filed charges, while the SEC also issued an investor...
by Jyotsna Bucktowar | Nov 26, 2024
The SEC’s order finds that the bribery scheme involved illicit payments of approximately $2.5 million in the form of cash bribes, entertainment, and extravagant trips. The order further finds that the bribes were authorized by a 500.com senior executive and that,...
by Jyotsna Bucktowar | Nov 24, 2024
Gautam S. Adani and seven other business executives allegedly bribed the Indian government to finance lucrative contracts designed to benefit their businesses. Adani and other defendants also defrauded investors by raising capital on the basis of false statements...
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