Release: EQUITY ALERT Rosen Law Firm Announces Investigation of Securities Claims Against Opera Limited — OPRA

Release

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Opera Limited — OPRA

16 January 2020

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Opera Limited (NASDAQ: OPRA) resulting from allegations that Opera may have issued materially misleading business information to the investing public.

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Barred: Jesse Gil III Barred by FINRA

Barred

Jesse Gil III Barred by FINRA

An Offer of Settlement was issued in which Gil was barred from association with any FINRA member in all capacities. Without admitting or denying the allegations, Gil consented to the sanction and to the entry of findings that he converted approximately $2,500 from an 82-year-old widow and former bank customer to whom he was providing financial advice away from his member firm. The findings stated that Gil used the customer’s credit cards without her authorization to charge personal expenses. These included spa massages, sporting goods, airline baggage fees and foreign currency cash advances, as well as expenses incurred during an overseas trip to Madrid, Spain, including at a hotel, perfume store, museum and flamenco show.

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Article: Swiss franc climbs after US adds it to ‘manipulation’ watchlist

Article - Media, Publications

Swiss franc climbs after US adds it to ‘manipulation’ watchlist

Sam Jones in Zurich and Eva Szalay in London , 15 January 2020

The Swiss franc nudged up to a near three-year high against the euro on Tuesday as markets anticipated the move would limit the Swiss National Bank’s appetite for aggressive action to try to hold down its currency in future.

“The report is a warning shot to the SNB,” said George Saravelos, global co-head of currency research at Deutsche Bank, adding that the franc is likely to push higher from here. It now trades around CHF1.08 against the euro.

The US called on Bern on Monday to “more forcefully support domestic economic activity” by spending money and reducing the country’s already low tax burden, in what was an unusual swipe at a sovereign nation’s financial affairs. “Despite borrowing costs for the Swiss government being among the lowest in the world, fiscal policy remains underutilised, even within the constraints of Switzerland’s existing fiscal rules,” the US Treasury said in its assessment.

The SNB said on Tuesday that its interventions were transparent, and “motivated purely by monetary policy . . . aimed at addressing the negative consequence for inflation and the economy through a highly valued franc.”

“They are not aimed at giving Switzerland advantages by undervaluing the Swiss franc,” it added.

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Fined: Prudential Investment Management Services LLC Fined by FINRA

Fined

Prudential Investment Management Services LLC Fined by FINRA

An AWC was issued in which the firm was censured, fined $1,000,000 and required to retain one or more qualified independent consultants not unacceptable to FINRA to conduct a comprehensive review of the adequacy of its compliance with FINRA rules in connection with the violations described in the AWC. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it disseminated inaccurate information about group variable annuities expense ratios and inaccurate historical performance information about investment options offered in those annuities.

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Fined: Citigroup Global Markets Inc. Fined by FINRA

Fined

Citigroup Global Markets Inc. Fined by FINRA

An AWC was issued in which the firm was censured, fined $225,000 and required to revise its supervisory system and WSPs. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it effected a short sale for its own account without borrowing the security or entering into a bona fide arrangement to borrow the security, and without documenting its compliance with the locate requirement for short sale transactions.

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Fined: Spencer Edwards, Inc. Fined by FINRA

Fined

Spencer Edwards, Inc. Fined by FINRA

A NAC decision became final in which the firm was fined $3,400,000 and ordered to pay disgorgement in the amount of $90,940, plus prejudgment interest. The NAC affirmed the findings in relevant part and modified the sanctions imposed by the OHO. Given that the firm is no longer operating as a broker-dealer, the NAC assessed, but did not impose, a suspension on the firm requiring it to engage an independent consultant who will monitor its supervisory and anti-money laundering procedures related to its microcap securities liquidation business.

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Article: Metals Trader Says Deutsche Bank Used Him as Spoofing Scapegoat

Article - Media

Metals Trader Says Deutsche Bank Used Him as Spoofing Scapegoat

Janan Hanna

Bloomberg, 13 January 2020

A former Deutsche Bank AG precious-metals trader accused by the U.S. of manipulating commodity markets claims the bank used him as a scapegoat to curry favor with regulators investigating the company.

James Vorley, who is awaiting trial in Chicago, said in a court filing Friday that the bank was acting at the request of federal investigators when it conducted an internal investigation of possible unlawful trading, or spoofing, on its precious-metals desk and obtained a recorded statement from him.

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Article: HAMILTON REGION Scammers steal about $150 worth of Canadian Tire Triangle points from Dunnville couple

Article - Media, Publications

Scammers steal about $150 worth of Canadian Tire Triangle points from Dunnville couple

The Sachem, 13 January 2020

Dianne and Reinder Vanderkooi are warning everyone to keep an eye on their loyalty point balances after scammers stole about $150 worth of Canadian Tire Triangle points from them. On Nov. 23, the Dunnville couple made a purchase and had $300 worth of loyalty points showing as their account’s balance on their receipt. Four days later when they made another purchase, that amount had dropped down to $149. Reinder said they’d been “saving toward a new set of tires. That’s a big deal, especially when you’re on a fixed income; we’re pensioners.
Continue reading “Article: HAMILTON REGION Scammers steal about $150 worth of Canadian Tire Triangle points from Dunnville couple”

Article: Shopify’s (SHOP) Stock Price Soars As Short Seller Throws in the Towel

Article - Media, Publications

Shopify’s (SHOP) Stock Price Soars As Short Seller Throws in the Towel

Mat Litalien, 11 January 2020

Since going public, Shopify (TSX:SHOP)(NYSE:SHOP) has been one of Canada’s most prolific stocks. Shareholders who were lucky enough to get in on the company at its IPO price would be sitting on gains in excess of 1,450%! One of the downsides of being an industry disruptor and one of the top performers as that there will always be skeptics.

In the markets, these skeptics take many forms, but one of the most polarizing is the short seller, which is a bearish investors who makes significant bets against the company. In extreme cases, a short seller will spend considerable time and effort trying to market their bearish outlook to the masses. In Shopify’s case, it was attacked repeatedly by notable short seller Andrew Left, Managing Partner at Citron Research. Citron is known for making big marketing splashes.
Continue reading “Article: Shopify’s (SHOP) Stock Price Soars As Short Seller Throws in the Towel”

Barred: Robert Russel Tweed Barred by FINRA

Barred

Robert Russel Tweed Barred by FINRA

Tweed appealed a NAC decision to the SEC. Tweed was barred from association with any FINRA member in all capacities. The NAC affirmed the findings and modified the sanctions imposed by the OHO. The sanction was based on findings that Tweed violated Sections 17(a)(2) and (3) of the Securities Act of 1933 by misrepresenting and failing to disclose material facts in connection with the sale of interests in a private investment fund that he controlled and engaged in a course of conduct that operated as a fraud or deceit on the fund’s investors.

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Article: Ekso’s Q4 pre-announcement ‘bodes well’ for 2020 growth, says H.C. Wainwright

Article - Media

Ekso’s Q4 pre-announcement ‘bodes well’ for 2020 growth, says H.C. Wainwright

TheFly, 10 January 2020

H.C. Wainwright analyst Swayampakula Ramakanth reiterated a Buy rating and $1.20 price target on Ekso Bionics, saying the pre-announced “record” fourth quarter “bodes well” for continued growth in 2020.

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Comment: This appears to be a stellar example of a life-saving vital technology company being destroyed by collusion between a placement agent and naked short sellers.

 

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Article: Jay Hooley Joins Aptiv Board of Directors

Article - Media, Publications

Jay Hooley Joins Aptiv Board of Directors

PRNewswire, 09 January 2020

Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today announced Joseph L. (Jay) Hooley has been named to its board of directors, effective as of January 8, 2020. “I am delighted to welcome Jay to Aptiv’s Board of Directors,” said Kevin Clark, President and Chief Executive Officer, Aptiv. “Jay brings his deep business acumen and a legacy of transforming State Street as we continue to lead the industry in developing and integrating technology solutions that solve mobility’s toughest challenges.” Continue reading “Article: Jay Hooley Joins Aptiv Board of Directors”

Barred: Gabriel William Hynes Barred by FINRA

Barred

Gabriel William Hynes Barred by FINRA

An AWC was issued in which Hynes was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Hynes consented to the sanction and to the entry of findings that he refused to appear for onthe-record testimony requested by FINRA in connection with its investigation of his sale of a company’s structured cash flow investments comprised of pension streams.

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Fined: Virtu Americas LLC fka KCG Americas LLC Fined by FINRA

Fined

Virtu Americas LLC fka KCG Americas LLC Fined by FINRA

An AWC was issued in which the firm was censured, fined $125,000, and required to revise its written methodology with respect to the areas described in the AWC. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it did not maintain a reasonable written methodology governing the execution and priority of all pending orders that it received for handling and execution.

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Barred: Shlomo Strugano Barred by FINRA

Barred

Shlomo Strugano Barred by FINRA

An AWC was issued in which Strugano was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Strugano consented to the sanction and to the entry of findings that he failed to appear and provide testimony requested by FINRA in connection with an investigation into whether he had forged or falsified customer signatures and initials on account and transaction documents.

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THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?