Levant Ltd.: Notice of Intention to Revoke License (Vanuatu)
Vanuatu Financial Services Commission's Notice of Intention to revoke the Financial Dealers License of Levant Limited.
Labuan FSA: Business Restrictions (December 2015 to September 2024)
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 115 "Labuan Licensed Entities from December 2015 to September 2024".
SEC v. Justin Smith et al: Complaint (‘$2.7M Securities Fraud’)
Complaint alleging "Defendants fabricated more than $75 million in assets, forged documents, and repeatedly lied to raise money for their company, Healthcare Solutions, as part of a scheme to defraud investors out of millions of dollars" that, inter alia, involved "an entity registered in Sweden called Landes and Compagnie Trust Privé KB, a/k/a Landes & Cie Private Trust" in U.S. Securities and Exchange Commission v. Justin D. Smith and Joshua Constantin at the U.S. District Court for the Eastern District of New York.
CFTC v. TOTSA TotalEnergies Trading SA: $48M Fine (‘Market Manipulation’)
Administrative Order by the U.S. Commodity Futures Trading Commission imposing a fine of $48 million on TOTSA TotalEnergies Trading SA, formerly known as TOTSA Total Oil Trading SA, of Switzerland, for allegedly attempting to manipulate the market for futures contracts linked to EBOB, which was described as "a type of refined gasoline used primarily in automobiles in Europe".
SEC v. Austal Ltd. et al: Motion to Approve Consent Judgment ($24M Fine)
Motion to Approve Consent Judgment regarding allegations that the defendants "engaged in a deceptive scheme to fraudulently overstate revenues and earnings before interest and tax" in U.S. Securities and Exchange Commission v. Austal Ltd., described as "an Australian defense contractor", and Austal USA LLC at the U.S. District Court for the Southern District of Alabama.
SEC v. Austal Ltd. et al: Complaint (‘Australian Defence Contractor Fraud’)
Complaint alleging the defendants "engaged in a deceptive scheme to fraudulently overstate revenues and earnings before interest and tax" in U.S. Securities and Exchange Commission v. Austal Ltd., described as "an Australian defense contractor", and Austal USA LLC at the U.S. District Court for the Southern District of Alabama.
SEC v. Abra: Complaint (‘Unregistered Crypto Lending’)
Complaint alleging the defendant failed to register the offers and sales of its retail crypto asset lending product, Abra Earn in U.S. Securities and Exchange Commission v. Plutus Lending, LLC, d.b.a. Abra, at the U.S. District Court for the District of Columbia.
SEC v. Bernardo Mendia-Alcaraz et al: Complaint (‘$3.3M Securities Fraud’)
Complaint alleging the defendants "raised approximately $3.3 million from at least 41 investors through a fraudulent scheme" in U.S. Securities and Exchange Commission v. Bernardo Mendia-Alcaraz, a.k.a. Bernardo Mendia, described as a dual citizen of Mexico and USA, and Toltec Capital LLC, as Defendants, and Edith Ramirez Cano. described as a citizen of Mexico residing in California, USA, and Fondo Toltec S de RL de CV, of Mexico, as Relief Defendants, at the U.S. District Court for the Northern District of California, USA.
Peter Georgiou: $980K Fine & Disqualification (Dubai)
Decision Notice by the Dubai Financial Services Authority imposing a fine of $980,020 and disqualification on Peter Georgiou for regulatory breaches while employed as a "Relationship Manager" with Mirabaud (Middle East) Limited, specifically that he "engaged in conduct that was misleading, deceptive or was likely to mislead or deceive in connection with a Financial Service".
Digibits Network Ltd.: License Revocation (Mauritius)
Public Notice by the Mauritius Financial Services Commission that it has revoked the license of Digibits Network Limited for regulatory breaches.
Panama-based U.S. couple charged with swindling 200,000 investors out of $650M in ‘crypto trading scam’
Panama-based husband-and-wife Eddy and Cynthia Petion have been charged by the U.S. SEC with swindling $650 million from over 200,000 investors in a "crypto trading investment and pyramid scheme" via their Saint Vincent and the Grenadines-domiciled firm known as NovaTech.
SEC v. Nova Tech Ltd. et al: Complaint (‘$650M Fraudulent Crypto Trading Scheme’)
Complaint alleging "a fraudulent crypto trading investment and pyramid scheme" in U.S. Securities and Exchange Commission v. Nova Tech Ltd., of Saint Vincent and the Grenadines; Cynthia Petion, described as a citizen of the United States residing in Panama; Eddy Petion, described as a citizen of the United States residing in Panama; Martin Zizi, James Corbett, Corrie Sampson, Dapilinu Dunbar, John Garofano, and Marsha Hadley at the U.S. District Court for the Southern District of Florida.
UW Global Inc.: Winding Up Notice (Labuan)
Public Notice by the Labuan Financial Services Authority that a liquidator has been appointed for UW Global Inc.
Exelcius Prime Ltd.: €740K Fine (Cyprus)
Public Notice by the Cyprus Securities and Exchange Commission that it has imposed a fine of €740,000 on Exelcius Prime Ltd. for regulatory breaches.
CFTC v. FTX Trading Ltd. et al: Consent Order (‘$12.7B Penalties’)
Consent Order requiring restitution of $8.7 billion and disgorgement of $4 billion in Commodity Futures Trading Commission v. FTX Trading Ltd., of Antigua and Barbuda, and Alameda Research LLC, of Delaware, USA, at the U.S. District Court for the Southern District of New York, USA.
Labuan FSA: Enforcement Actions (AML/CFT Related Non-Compliances from July 2018 to August 2022 )
Public Notice by the Labuan Financial Services Authority regarding enforcement actions against eight “Labuan Licensed Entities for AML/CFT related non-compliances from July 2018 to August 2022".
Via Brazil International Partners GmbH: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that Via Brazil International Partners GmbH (in Liquidation) “is suspected of conducting unauthorised activities in the financial market”.
Banque Havilland (Liechtenstein) AG: Notice of Voluntary Liquidation (Liechtenstein)
Public Notice by the Liechtenstein Financial Market Authority that Banque Havilland (Liechtenstein) AG has gone into voluntary liquidation and renounced its banking license.
Labuan FSA: Business Restrictions (July 27, 2024)
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 25 Labuan Licensed Entities "for non-compliance to minimum capital and/or other regulatory requirements".
Bright Periods Consulting: License Revocation (Mauritius)
Public Notice by the Mauritius Financial Services Commission that it has revoked the license of Bright Periods Consulting for regulatory breaches.
Codomas Ltd.: License Revocation (Mauritius)
Public Notice by the Mauritius Financial Services Commission that it has revoked the license of Codomas Ltd. for regulatory breaches.
Equiom (Guernsey) Ltd.: £455K Fine (Guernsey)
Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £455,000 on Equiom (Guernsey) Limited, described as "a large business with a high-risk appetite and a significant number of high-risk relationships", for regulatory breaches, including those involving citizens of Russia.
SEC v. Juan Campo: Complaint (‘Securities Fraud’)
Complaint alleging "three fraudulent schemes to create the false impression that View Systems, a publicly traded penny stock company, was actively engaged in potentially lucrative lines of business in order to make it attractive to investors" in U.S. Securities and Exchange Commission v. Juan Campo, a.k.a. John Campo, described as a citizen of Colombia, at the U.S. District Court for the District of Columbia, USA.
SEC v. Andrew Left et al: Complaint (‘$20M Securities Fraud’)
Complaint in U.S. Securities and Exchange Commission v. Andrew Left, described as "an activist short publisher", and Citron Capital, LLC at the U.S. District Court for the Central District of California.
Labuan FSA: Enforcement Actions (December 2015 to July 2024)
Public Notice by the Labuan Financial Services Authority regarding enforcement actions against 113 Labuan Licensed Entities from December 2015 to July 2024.
Thierry Grun: Auditor Disqualification (Luxembourg)
Public Notice by the Luxembourg CSSF that it has imposed "the permanent deregistration from the public register and the permanent prohibition for the réviseur d’entreprises agréé (approved statutory auditor)" of Thierry Grun.
Trident Trust Company (Guernsey) Ltd. et al: £431.9K Fines & Disqualifications (Guernsey)
Public Notice by the Guernsey Financial Services Commission that it has imposed fines totaling £431,900 on Trident Trust Company (Guernsey) Limited, Mark Wilson Le Tissier, Ryan Daniel Dekker, and Boonyasinee Queripel, a.k.a. Kwan Queripel, and corporate disqualifications on Le Tissier, Dekker, and Queripel for regulatory breaches.
Zeus Asset Management S.A.: €45.9K Fine (Luxembourg)
Public Notice by the Luxembourg CSSF that it has imposed a fine of €45,900 on Zeus Asset Management S.A. for regulatory breaches.
ProConstruct Trading Ltd.: License Suspension (Mauritius)
Public Notice by the Mauritius Financial Services Commission that it has suspended the Global Business License of ProConstruct Trading Limited.
SuperTrade International Trading: License Suspension (Mauritius)
Public Notice by the Mauritius Financial Services Commission that it has suspended the Global Business License of SuperTrade International Trading.
SEC v. Silvergate Capital Corporation et al: Complaint (‘FTX-Related Crypto Bank Securities Fraud’)
Complaint in U.S. Securities and Exchange Commission v. Silvergate Capital Corporation, Alan J. Lane, Kathleen Fraher, and Antonio Martino at the U.S. District Court for the Southern District of New york.
Labuan FSA: Business Restrictions (June 27, 2024)
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 26 "Labuan Licensed Entities".
Saturn4FX Sàrl: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that Saturn4FX International Management Sàrl, now known as Saturn4FX Sàrl, “is suspected of conducting unauthorised activities in the financial market”.
SEC v. John Brda et al: Complaint (‘Torchlight Energy Resources Stock Fraud’)
Complaint alleging "a fraudulent scheme to manipulate the price of Torchlight Energy Resources, Inc. stock and sell Torchlight stock to investors at inflated prices" in U.S. Securities and Exchange Commission v. John Brda and Georgios Palikaras, described as a citizen of Greece residing in Halifax, Nova Scotia, Canada, at the U.S. District Court for the Southern District of New York.
Astorica SA: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that Astorica SA “is suspected of conducting unauthorised activities in the financial market”.
Daniyar Japarkulov: $140K Fine & Disqualification (Dubai)
Decision Notice by the Dubai Financial Services Authority imposing a fine of $140,000 and corporate disqualification on Daniyar Japarkulov for regulatory breaches.
SEC v. Yanni Tassev: Complaint (‘$1.6M Securities Fraud’)
Complaint alleging securities fraud in U.S. Securities and Exchange Commission v. Yanni Tassev, described as a resident of Bulgaria, at the U.S. District Court for the District of Nevada.
Ontario Securities Commission v. Troy Hogg et al: Reasons and Decision (‘US$51M Crypto Fraud’)
Reasons and Decision finding that the respondents committed fraud in Ontario Securities Commission v. Troy Richard James Hogg, of Canada; Cryptobontix Inc., of Canada; Arbitrade Exchange Inc., of Canada; Arbitrade Ltd., of Bermuda; T.J.L. Property Management Inc., of Canada, and Gables Holdings Inc., of Canada, at the OSC’s Capital Markets Tribunal.
Safe Trust SNC: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that Safe Trust SNC “is suspected of conducting unauthorised activities in the financial market”.
SEC v. Ilit Raz: Complaint (‘$21M Investment Fraud’)
Complaint alleging a $21 million fraud involving Joonko Diversity Inc. in U.S. Securities and Exchange Commission v. Ilit Raz, described as a citizen and resident of Israel, at the U.S. District Court for the Southern District of New York.
Symphony Services Ltd.: $210K Fine & License Revocation (Dubai)
Decision Notice by the Dubai Financial Services Authority imposed a fine of $210,000 on, and revoking the license of, Symphony Services Limited for regulatory breaches.
ChainDigger GmbH: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that ChainDigger GmbH (in Liquidation) “is suspected of conducting unauthorised activities in the financial market”.
Rivux Capital Ltd.: License Revocation (Mauritius)
Public Notice by the Mauritius Financial Services Commission that it has revoked the Global Business License of Rivux Capital Ltd. for regulatory breaches.
Sarwa Digital Wealth Ltd.: $191K Fine (Dubai)
Decision Notice imposing a fine of USD191,100 on Sarwa Digital Wealth Limited for regulatory breaches.
Pro Finanz Schweiz AG: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that Pro Finanz Schweiz AG “is suspected of conducting unauthorised activities in the financial market”.
TTC SICAV Plc et al: License Revocations (Malta)
Public Notice by the Malta Financial Services Authority that it has cancelled the licenses of investment funds TTC SICAV Plc and TTC Green Energy Fund for regulatory breaches.
Fiduciam Corporate Ltd.: License Revocation (Mauritius)
Public Notice by the Mauritius Financial Services Commission that it has revoked the management license of Fiduciam Corporate Ltd. for regulatory breaches.
SEC v. Andrew McAlpine: Consent Judgment (‘Penny Stock Ban & $15.7K Penalties’)
Consent Judgment and Order in U.S. Securities and Exchange Commission v. Andrew McAlpine at the U.S. District Court for the Southern District of California.
Tritone Capital Management AG: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that Tritone Capital Management AG “is suspected of conducting unauthorised activities in the financial market”.
MCA Intelifunds Ltd.: €360K Fine (Cyprus)
Public Notice by the Cyprus Securities and Exchange Commission that it has imposed a fine of €360,000 on MCA Intelifunds Limited, trading as FXORO, for regulatory breaches.