Litigation Release No. 24552 / August 6, 2019 Securities and Exchange Commission v. Imran Husain, et al., Civil Action No. 2:16-cv-03250-ODW-E (C.D. Cal.) The Securities and Exchange Commission announced today the entry of a final judgment against New Jersey lawyer Gregg E. Jaclin for running a fraudulent shell factory scheme through which sham companies were […]
Monthly Archives: August 2019
FTC to Host Workshop on Consumer Issues Related to Loot Boxes
WHAT: The Federal Trade Commission will host a public workshop to examine consumer protection issues related to video game “loot boxes”—in-game rewards players can buy or earn while playing a video game. WHEN: Wednesday, August 7, 10 a.m. – 4:15 p.m. ET (Doors open at 8:45 a.m. ET) WHERE: Constitution Center400 Seventh St., SWWashington, DC […]
Gerard F. Hug and Kurt W. Streams
The Securities and Exchange Commission today charged two former executives of SITO Mobile, Ltd., a mobile advertising provider based in Jersey City, New Jersey, with fraudulently using corporate funds to pay for personal expenses. The SEC’s complaint, filed in the U.S. District Court for the District of New Jersey, alleges that SITO’s former CEO, Gerard […]
Counterfeit Cashier’s Checks of National Bank of Blacksburg, Blacksburg, Va.
Alert 2019-7| August 5, 2019 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]
Counterfeit Cashier’s Checks of National Bank of Blacksburg, Blacksburg, Va.
Alert 2019-7| August 5, 2019 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]
HKEX Rolls Out USD London Metal Mini Futures to Expand LME Trading in Asian Time Zone
Hong Kong Exchanges and Clearing Limited (HKEX) announced today (Monday) the introduction of six US dollar-denominated London Metal mini futures contracts – aluminium, zinc, copper, nickel, tin, and lead. These will provide additional options for investors with exposure to base metals denominated in US dollars in the Asian time zone and complement HKEX’s existing RMB […]
HKEX Welcomes Public Consultation by SSE & SZSE on WVR-Related Rules Changes
The Stock Exchange of Hong Kong (SEHK), the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE) have reached consensus on the criteria for Hong Kong listed companies with weighted voting rights (WVR) to be included for the first time in Southbound Trading of Stock Connect. In preparation for the inclusion of WVR companies […]
Exchange Publishes Consultation Paper on Codification of General Waivers and Principles relating to IPOs and Listed Issuers and Minor Rule Amendments
Exchange Publishes Consultation Paper on Codification of General Waivers and Principles relating to IPOs and Listed Issuers and Minor Rule Amendments Regulatory 02 Aug 2019 Consultation seeks views on the proposed codification of new rules and amendments Part of Exchange’s ongoing commitment to enhance listing process in Hong Kong The Stock Exchange of Hong Kong […]
FTC Challenges Proposed Merger of Two Hydrogen Peroxide Producers
The Federal Trade Commission today authorized an action to block Evonik Industries AG’s proposed $625 million acquisition of PeroxyChem Holding Company, alleging the merger of the chemical companies would substantially reduce competition in the Pacific Northwest and the Southern and Central United States for the production and sale of hydrogen peroxide, a commodity chemical used […]
Commonwealth Equity Services, LLC d/b/a Commonwealth Financial Network
Litigation Release No. 24550 / August 1, 2019 Securities and Exchange Commission v. Commonwealth Equity Services, LLC d/b/a Commonwealth Financial Network, No. 1:19-cv-11655 (D. Mass. filed August 1, 2019) The Securities and Exchange Commission today charged Commonwealth Equity Services, LLC d/b/a Commonwealth Financial Network (Commonwealth), a registered investment adviser and broker-dealer based in Waltham, Massachusetts, […]