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Tag Archives: SEC

CFTC-SEC Statement on MF Global, hundreds of millions of client funds may be missing

Nov
1
2011
Posted by Michael Greenberg in Brokers
1 Comments

This story just keeps getting ‘better’ – since yesterday’s post about MF’s possible sale, MF has declared bankruptcy and was trying to be bough by IB. However the deal doesn’t seem to go through as there are suspicions that huge amount of client funds is missing.
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State Street faces class action suits over forex prices

Oct
14
2011
Posted by Michael Greenberg in Brokers
0 Comments

Two subsidiaries of State Street Corp. were hit Wednesday with a proposed class action on behalf of several retirement funds alleging the financial services company added an undisclosed mark-up in foreign exchange transactions.
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Son of forex fraudster to pay over dad's forex ponzi scheme

Oct
2
2011
Posted by Michael Greenberg in Regulation
0 Comments

A Texas race car driver whose career was subsidized by his imprisoned father’s $10.9 million Ponzi scheme agreed to give up $322,000 in ill-gotten gains on Tuesday in a suit brought by securities regulators over the scam.
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SEC and CFTC go after fleeing forex scammer Jeffery Lowrance

Jul
17
2011
Posted by Michael Greenberg in Regulation
0 Comments

Washington, D.C., July 15, 2011 – The Securities and Exchange Commission filed fraud charges Thursday against the CEO of a purported foreign currency trading firm, alleging he scammed hundreds of investors with false promises of high, fixed-rate returns while secretly using their money to fund his start-up alternative newspaper.
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