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.
CIMA: Termination of Struck or Dissolved Entities (April 2024)
Public Notice by the Cayman Islands Monetary Authority regarding 'Termination of Struck or Dissolved Entities', effective April 18th, 2024.
Atlas Administration AG: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that Atlas Administration AG (in Liquidation) “is suspected of conducting unauthorised activities in the financial market”.
SEC v. Mark Borden: Complaint (‘Unregistered Broker for Securities Fraudster’)
Complaint alleging the defendant "acted as an unregistered broker" for Charlie Abujudeh, who is a convicted securities fraudster, and others in U.S. Securities and Exchange Commission v. Mark Borden, described as "an attorney licensed to practice law in Canada and a resident of Thornhill, Ontario, Canada", at the U.S. District Court for the Eastern District of New York.
SEC v. SION Trading FZE: Notice of Joint Liability (‘$37M Crypto Fraud’)
SEC's Notice of Joint Liability Against Relief Defendant SION Trading FZE, of the United Arab Emirates, regarding an alleged crypto-based investment fraud scheme in U.S. Securities and Exchange Commission v. Arbitrade Ltd., of Bermuda; Cryptobontix Inc., of Canada; Troy R.J. Hogg, of Canada; James L. Goldberg, Stephen L. Braverman, and Max W. Barber, as Defendants, and SION Trading FZE, as Relief Defendant, at the U.S. District Court for the Southern District of Florida.
CFTC v. KuCoin et al: Complaint (‘Unregistered Crypto Exchange’)
Complaint in U.S. Commodity Futures Trading Commission v. Mek Global Limited, of the Seychelles; PhoenixFin PTE. Ltd., of Singapore; Flashdot Limited, of the Cayman Islands, and Peken Global Limited, of the Seychelles, "collectively doing business as a centralized digital asset exchange under the name 'KuCoin'", at the U.S. District Court for the Southern District of New York.
Banque Audi (Suisse) SA: CHF 3.9M ‘Illegal Profits’ Disgorgement & CHF 19M Capital Surcharge
Press Release by the Swiss Financial Market Supervisory Authority that Banque Audi (Suisse) SA has "breached its obligations in the prevention of money laundering" and FINMA has "ordered the disgorgement of profits totalling CHF 3.9 million and a capital surcharge of CHF 19 million".
Migom Bank Ltd.: Notice of Administration (Dominica)
Notice by the Dominica Financial Services Unit that it has appointed an administrator for Migom Bank Ltd., which was described as "an Offshore Bank Licensed in Dominica".
Hill Robinson Ltd.: Public Statement (Isle of Man)
Public Statement by the Isle of Man Financial Services Authority regarding Hill Robinson Limited's "non-compliance with Section 20(3) of the Beneficial Ownership Act 2017".
SEC v. Michael Caridi: Letters Rogatory (Fabio Gesufatto et al, Canada)
SEC's unopposed motion for the issuance of letters rogatory to Fabio Gesufatto, Blu Stella Consulting Group Inc., Ommid Faghani, Kevin Rod, Scott Reeves, Elie Boustani, and Francois Latreille, who were described as citizens of Canada residing in Quebec, Canada, for a complaint alleging securities fraud in U.S. Securities and Exchange Commission v. Michael Caridi at the U.S. District Court for the District of Connecticut.
DexTech AG: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that DexTech AG “is suspected of conducting unauthorised activities in the financial market”.
Global Currency Travel and Tours GmbH: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that Global Currency Travel and Tours GmbH “is suspected of conducting unauthorised activities in the financial market”.
Securities Commission of the Bahamas v. Mdollaz Technology Ltd.: Winding Up Petition (‘Insolvent & Unregulated’)
Winding Up Petition in Securities Commission of the Bahamas v. Mdollaz Technology Ltd. at the Supreme Court of the Bahamas.
Ginette Blondel: £210K Fine & Disqualification (Guernsey)
Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £210,000 and corporate disqualification on Ginette Louise Blondel for regulatory breaches.
Fides Corporate Services Ltd. et al: £266K Fines & Disqualifications (Guernsey)
Public Notice by the Guernsey Financial Services Commission that it has imposed fines totaling £266,000 and/or corporate disqualifications against Fides Corporate Services Limited, David Charles Housley Whitworth, Paul Conway, and Stuart Turner for regulatory breaches.
Sora Bank AG: Liquidation Payout & Compensation (Liechtenstein)
Press Release by the Liechtenstein Financial Market Authority that "the Liechtenstein Court of Justice opened bankruptcy proceedings in respect of the assets of Sora Bank AG in Liquidation and appointed Deloitte (Liechtenstein) AG as the bank liquidator".
Migom Bank Ltd.: ‘Cease Business & Director Removal’ Directive (Dominica)
Directive by the Dominica Financial Services Unit that Migom Bank Ltd. "shall cease to engage in any type of financial business" and that "Swiss national" Thomas Adrian Schätti has been removed as a director.
Pixton AG: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that Pixton AG “is suspected of conducting unauthorised activities in the financial market”.
Dzintars Derkacs: Registration Cancellation (Cayman Islands)
Public Notice by the Cayman Islands Monetary Authority that it has cancelled the registration of Dzintars Derkacs for regulatory breaches.
Valor Capital: Registration Cancellation (Cayman Islands)
Public Notice by the Cayman Islands Monetary Authority that it has cancelled the registration of Valor Capital for regulatory breaches.
Topworth Investments Ltd.: Liquidation Notice (Labuan)
Notice by the Labuan Financial Services Authority that "Topworth Investments Ltd, a Labuan money broker" has been petitioned into liquidation by a creditor.
ECUREX GmbH: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that ECUREX GmbH, which appears to have operated as a crypto exchange, “is suspected of conducting unauthorised activities in the financial market”.
The Royal Bank of Scotland International Ltd.: £1M Fine (Isle of Man)
Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £1,008,337 on The Royal Bank of Scotland International Limited for regulatory breaches.
Swiss Financial Insurance GmbH: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that Swiss Financial Insurance GmbH “is “suspected of conducting unauthorised activities in the financial market”.
Iskander Karam: £10K Fine & Disqualification (Guernsey)
Public Notice by the Guernsey Financial Services Commission that it has issued a £10,000 fine and two-year prohibition against Iskander Karam, a.k.a. Alexander Karam, a.k.a. Alexander Kaymen, who appears to be a citizen and resident of the United Kingdom, after finding that he "deliberately or recklessly made a number of false and/or misleading statements in his Personal Questionnaire submitted in connection with an application for a licence and for the authorisation of a collective investment scheme".
Cloopen Group Holding Ltd.: Cease and Desist Order (‘Accounting Fraud’)
Cease and Desist Order in U.S. Securities and Exchange Commission v. Cloopen Group Holding Limited, described as a Cayman Islands-domiciled, China-based "provider of cloud-based communications products and services to enterprises of various sizes located primarily in China", in an administrative proceeding before the Securities and Exchange Commission.
OKCoin Europe Ltd.: €304K Settlement (Malta)
Public Notice by the Malta Financial Services Authority that OKCoin Europe Ltd. has agreed to pay an "administrative penalty" of €304,000 to settle an investigation in which the regulator "found failings in respect of Article 41 of the Virtual Financial Assets Act".
Illiar SA: Public Warning (Switzerland)
Public Warning by the Swiss Financial Market Supervisory Authority that Illiar SA “is “suspected of conducting unauthorised activities in the financial market”.
SEC v. Sam Lee et al: Complaint (‘$1.7B HyperFund Crypto Fraud’)
Complaint alleging "a global, crypto asset-related, multi-level marketing pyramid and Ponzi scheme that raised over $1.7 billion from victims worldwide, including millions from U.S. investors" in U.S. Securities and Exchange Commission v. Xue Samuel Lee, a.k.a. Sam Lee, described as a citizen of Australia residing in Dubai, United Arab Emirates, and Brenda Indah Chunga, a.k.a. Bitcoin Beautee, at the U.S. District Court for the District of Maryland.
