Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
Sigma Financial Corporation Fined by FINRA
7 March 2019
An AWC was issued in which the firm was censured and fined $100,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to establish, maintain and enforce a supervisory system and WSPs reasonably designed to achieve compliance with securities laws, regulations and FINRA rules applicable to the sales of leveraged, inverse and inverse-leveraged ETFs.
Parkland Securities, LLC Fined by FINRA
7 March 2019
An AWC was issued in which the firm was censured and fined $20,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to establish, maintain and enforce a supervisory system and WSPs reasonably designed to achieve compliance with securities laws, regulations and FINRA rules applicable to the sales of leveraged, inverse and inverse-leveraged ExchangeTraded Funds (ETFs).
What’s Known About Massive Russia Money Laundering Scheme, ‘Troika Laundromat’
Christian Baumgaertel, 07 March 2019
The so-called Troika Laundromat was a financial network set up by a Russian investment bank to help clients move money out of the country and hide it. The scheme exported about $4.8 billion over seven years, with the help of a now-defunct Lithuanian bank.
That much we know from disclosures by the Organized Crime and Corruption Reporting Project [OCCRP] and its partner news organizations. Almost daily revelations over the last week have widened the group of banks involved and added to a picture of massive laundering — perhaps facilitated by the absence of a central enforcement agency in Europe. Continue reading “Article: What’s Known About Massive Russia Money Laundering Scheme, ‘Troika Laundromat’”
Halifax America LLC Fined by FINRA
6 March 2019
An AWC was issued in which the firm was censured and fined $60,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it made misleading statements to FINRA in connection with its application for registration as a new FINRA member.
TriPoint Global Equities, LLC Fined by FINRA
5 March 2019
An Offer of Settlement was issued in which the firm was censured, fined $100,000, ordered to pay disgorgement of commissions in the amount of $34,001, plus interest, prohibited for a period of 12 months from directly or indirectly receiving, in any manner, any penny stock in any form and required to submit a certification that its policies and procedures are reasonably designed with respect to its compliance with FINRA Rule 3310 and the registration requirements of Sections 5(a) and 5(c) of the Securities Act of 1933, including in connection with the firm’s private placement business and any offered securities.
Great Point Capital LLC Fined by FINRA
4 March 2019
An AWC was issued in which the firm was censured and fined $20,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it inaccurately or untimely submitted Reportable Order Events (ROEs) to the Order Audit Trail System (OATS™).
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
