Charges

Business

CFTC News: CFTC Charges Chicago-area Trader, Dro Kholamian, with Ongoing Forex and Commodity Fraud

Washington, DC — The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against Dro Kholamian of Barrington, Illinois, and his company, Blue Star Trading, LLC (Blue Star), an Illinois limited liability company with an office in Park Ridge, Illinois.  The CFTC Complaint charges that the Defendants fraudulently solicited potential clients … Continue reading CFTC News: CFTC Charges Chicago-area Trader, Dro Kholamian, with Ongoing Forex and Commodity Fraud →

Business

Business News: SEC Charges Owner of Options Trading Website for Defrauding Retail Investors

Securities and Exchange Commission v. Mark Suleymanov, No. 2:18-cv-06854 (E.D.N.Y. filed December 3, 2018) WASHINGTON – The Securities and Exchange Commission today charged Mark Suleymanov of Glen Cove, New York with engaging in an online binary options scheme that defrauded retail investors out of approximately $4 million. The SEC’s complaint alleges that from at least … Continue reading Business News: SEC Charges Owner of Options Trading Website for Defrauding Retail Investors →

Business

SEC News: SEC Charges Kentucky Man for Role in Nationwide Oil Investment Scheme

Securities and Exchange Commission v. Jared Gabriel Forrester, Civil Docket No. 4:18-cv-00283-RSB-JEG (S.D. Ga. filed November 30, 2018) WASHINGTON – The Securities and Exchange Commission charged a 35-year-old Kentucky man for his role in a scheme that resulted in the fraudulent offering and sale of at least $15 million of securities to more than 150 … Continue reading SEC News: SEC Charges Kentucky Man for Role in Nationwide Oil Investment Scheme →

Business

SEC News: SEC Charges EtherDelta Founder, Zachary Coburn, With Operating an Unregistered Exchange

Washington DC – The Securities and Exchange Commission today announced settled charges against Zachary Coburn, the founder of EtherDelta, a digital “token” trading platform.  This is the SEC’s first enforcement action based on findings that such a platform operated as an unregistered national securities exchange. According to the SEC’s order, EtherDelta is an online platform for … Continue reading SEC News: SEC Charges EtherDelta Founder, Zachary Coburn, With Operating an Unregistered Exchange →

Business

SEC News: SEC Charges ITG With Misleading Dark Pool Subscribers

WASHINGTON, DC – The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities Inc. have agreed to pay $12 million to settle charges arising from ITG’s misstatements and omissions about the operation of the firm’s dark pool, POSIT, and ITG’s failure to establish adequate safeguards and procedures to protect POSIT subscribers’ … Continue reading SEC News: SEC Charges ITG With Misleading Dark Pool Subscribers →

General

SEC News: SEC Charges Bitcoin-Funded Securities Dealer 1pool Ltd. and CEO, Patrick Brunner

Securities and Exchange Commission v. 1Pool Ltd. a.k.a. 1Broker and Patrick Brunner, No. 1:18-cv-02244-TNM (D.D.C.) WASHINGTON – The Securities and Exchange Commission filed charges against an international securities dealer and its Austria-based CEO for allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins. According to the SEC’s complaint, 1pool Ltd. … Continue reading SEC News: SEC Charges Bitcoin-Funded Securities Dealer 1pool Ltd. and CEO, Patrick Brunner →