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SEC charges NovaTech and its principals and promoters with $650m crypto fraud

by AdrianaAMLP | Aug 12, 2024

SEC announces charges against Cynthia and Eddy Petion, along with their company, NovaTech Ltd., for operating a fraudulent scheme that raised more than $650 million in crypto assets from more than 200,000 investors worldwide, including many in the Haitian-American...

SEC brings Cybersecurity Enforcement for internal control failures

by Jyotsna Bucktowar | Jul 1, 2024

RRD’s cybersecurity incident disclosure controls were ineffective in promptly delivering all pertinent information to management for decision-making, lacking clear guidance for reporting personnel. Their incident response policies did not set clear priorities or...

SEC charged JAG Capital Advisors for defrauding investors of at least $3m over three years

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...

US SEC announces the top four securities enforcement developments from April 2024

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…

SEC charges Intercontinental Exchange and nine affiliates including the New York Stock Exchange failing to inform the commission of a cyber intrusion

by Jyotsna Bucktowar | May 22, 2024

The Securities and Exchange Commission announced that the intercontinental exchange, Inc. 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 inform the SEC of a...
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  • EBA launches a consultation to simplify EU Supervisory reporting by cutting requirements by around 50% and reducing duplication and streamlining data requirements
  • NCA’s UKFIU SARs Reporter Booklet (Mar 26) reveals large-scale fraud and ML schemes, including £2.4M VAT frauds, £600k+ asset freezes, and complex organised crime networks 
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  • OECD’s Consumer Finance Risk Monitor 2026 report flags rising FC risks from AI impersonation, phishing, investment and crypto fraud, with 85% of jurisdictions citing scams as the top risk

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