Topic: Securities and Exchange Commission
Founder of US$8.3M crypto start-up accused of misappropriating assets
A petition for court supervision of the liquidation of a Cayman-based crypto start-up has been lodged over allegations of misappropriation.
SEC files charges against Cayman brokerage owner, other Canadian residents
The US Securities and Exchange Commission has filed civil fraud charges against Rahim Mohamed, the owner of Cayman-based special economic zone company White Sands Securities SEZC, and others in relation to a scheme to boost stocks by hacking brokerage accounts.
SEC charges eight people in US$145 million penny stock fraud scheme
The US Securities and Exchange Commission has charged eight individuals, including a Canadian living in the Cayman Islands, for participating in a long-running stock fraud scheme.
SEC fines fund, portfolio manager for inflating value of Cayman funds
The US Securities and Exchange Commission has settled charges against Robert D. Press, the former CEO of advisory firm TCA Fund Management Group Corp (TCA) and a portfolio manager, Donna Silverman, for artificially inflating the net asset values and performance results of several Cayman funds they managed.
SEC again charges former Cayman broker with securities fraud
The US Securities and Exchange Commission has charged former Cayman Islands broker Oliver-Barret Lindsay, together with two other individuals, with insider trading.
SEC takes action against Telegram token sale
The Securities and Exchange Commission last week filed an emergency action and obtained a temporary restraining order against messaging app Telegram’s ongoing digital token offering in the US.
CIMA cancels broker’s director licence following fraud charges
The Cayman Islands Monetary Authority has suspended the director registration of Oliver-Barret Lindsay, the owner of CMGT Capital Management and Lindsay Capital Corp. SEZC.
Cayman broker charged with securities fraud
The SEC has charged Cayman-based broker Oliver-Barret Lindsay together with a stock promoter and three others involved in a series of alleged penny stock fraud schemes that unraveled as a result of an FBI undercover operation and an SEC trading suspension.
