Panama broker Verdmont Capital goes into liquidation
Panama-based broker-dealer Verdmont Capital has become the latest offshore defendant in a securities fraud lawsuit filed by the U. S. Securities and Exchange Commission to go into liquidation.
Caledonian Bank to pay ‘nothing’ in SEC settlement
The SEC's fraud lawsuit against Cayman Islands-based Caledonian Bank has gone from bad to worse for the U. S. regulator, with two of the agency's main attorneys on the case leaving following criticism from a federal judge and an agreed settlement between the parties requiring the bank to make "no monetary payment".
US judge again slams SEC for causing closure of Cayman’s Caledonian Bank
A federal judge in New York has again chastised the United States Securities and Exchange Commission for causing the collapse of Cayman Islands-based Caledonian Bank Ltd. "This case offers fertile ground for agency self-examination," stated U. S. District Judge William H. Pauley III in a pre-trial opinion today.
Cayman Islands Monetary Authority v. Caledonian Securities Ltd.: Winding Up Petition
Winding Up Petition in Cayman Islands Monetary Authority v. Caledonian Securities Limited at the Grand Court of the Cayman Islands.
Cayman Islands Monetary Authority v. Caledonian Bank Ltd.: Winding Up Petition
Winding Up Petition in Cayman Islands Monetary Authority v. Caledonian Bank Limited at the Grand Court of the Cayman Islands.
Caledonian Bank in ‘voluntary liquidation’, its attorney tells US court
After regulatory action in the U.S. and Cayman Islands, including having its assets frozen by a U.S. judge, the shareholders of Cayman-based Caledonian Bank Ltd. have voted to put the bank into voluntary liquidation, the bank's attorney has disclosed in a court filing at federal court in New York.
SEC v. Caledonian Bank et al: ‘Voluntary Liquidation’ Status Report
Status Report disclosing bank's voluntary liquidation from Caledonian Bank's attorney in U. S. Securities and Exchange Commission SEC v. Caledonian Bank Ltd., Caledonian Securities Ltd., Clear Water Securities Inc., Legacy Global Markets S.A., and Verdmont Capital S.A. at the U. S. District Court for the Southern District of New York.
Cayman-based Caledonian Bank & offshore brokers sued by SEC for ‘$75 m stock scam’
Cayman Islands-based Caledonian Bank and Caledonian Securities are being sued by the SEC in the United States for allegedly participating in a $75 million penny stock scam with broker-dealers in Panama and Belize.