Investors allegedly lost more than $1 billion
Quadrangle agrees to pay US$12 million in penalties
New cap on options fees also proposed
Securities industry cautiously supportive
Regulator want to be sure protections keep up with the increasing complexity of these instruments
New York, London rocked by insider trading allegations
Regulator to establish five specialized units
Staff increase would beef up enforcement
Site falsely claims to have recovered $1.3 billion in funds
A jury in Florida has found a Canadian man guilty in a pump-and-dump case, the U.S. Securities and Exchange Commission announced Monday.The SEC reports that a jury found a Vancouver resident, Darko Mrakuzic, “liable for violating the anti-fraud and registration provisions of the federal securities laws in connection with a scheme to illegally convert several […]