Ex-CEO Dunn charged with fraud
U.S. regulators and law enforcement brought charges against two former portfolio managers from Bear Stearns Asset Management over the collapse of their hedge funds last summer.The US Securities and Exchange Commission charged the fund managers with misleading investors about the financial state of the firm’s two largest hedge funds, and their exposure to subprime mortgage-backed […]
Interactive DVD shows negative consequences of falling victim to a scam
Client funds not invested as promised, police say
U.S. regulators are warning international investors that advance-fee fraudsters are impersonating regulators as part of their scams.The Financial Industry Regulatory Authority issued an updated investor alert warning international investors about a new twist in advance-free fraud involving low-priced US securities. Con artists have been misusing FINRA’s name and impersonating FINRA employees in email communications in […]
Men are more likely to have been defrauded more than once
The U.S. Securities and Exchange Commission announced the launch of its latest offensive targeting online boiler rooms, cold calls, and other potentially fraudulent financial solicitations.The SEC’s initiative is called “PAUSE” for Public Alert: Unregistered Soliciting Entities. The SEC is providing investors with information that it has received from investor complaints and other sources, including foreign […]
Communication and co-operation between Ontario and British Columbia securities regulators and their counterparts in Britain have led to unusual success in a recent stock swindle that crossed various jurisdictions. About 160 people in Britain who bought fraudulent mining shares are getting back 90% of the $2.5 million they collectively lost after being fleeced by boiler-room […]
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BCSC seeks to extend temporary order against Wong