Mia – Page 90 – Financial Treason & Crime

Jane C. Timm, 30 September 2018

President Donald Trump attacked Sen. Richard Blumenthal, D-Conn., for misleading voters, making some false claims of his own in the process.

“Senator Richard Blumenthal must talk about his fraudulent service in Vietnam, where for 12 years he told the people of Connecticut, as their Attorney General, that he was a great Marine War Hero. Talked about his many battles of near death, but was never in Vietnam. Total Phony!” Trump tweeted. Continue reading “Article: Fact check: Trump says Blumenthal lied (he did) and bragged (he didn’t)”

09/29/201803/15/2021

Article: Deutsche Bank fined $205M for ‘unsound’ conduct in Forex trading business

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Deutsche Bank fined $205M for ‘unsound’ conduct in Forex trading business

Jaclyn Jaeger, 29 September 2028

The New York State Department of Financial Services (NYDFS) has fined Deutsche Bank $205 million as part of a consent order for violations of New York banking law, including efforts to improperly coordinate trading activity through online chat rooms, improperly sharing confidential customer information, trading aggressively to skew prices, and misleading customers.

The violations, announced on June 20, stem from an investigation by NYDFS determining that from 2007 to 2013, when Deutsche Bank was the largest foreign exchange dealer in the world, the bank repeatedly engaged in improper, unsafe, and unsound conduct in its foreign exchange business due to its failures to implement effective controls. In addition, for certain time periods, limited elements of Deutsche Bank’s electronic trading platforms had the potential to improperly disadvantage customers and improperly affect markets, when certain applications did not perform as intended. Continue reading “Article: Deutsche Bank fined $205M for ‘unsound’ conduct in Forex trading business”

09/17/201803/02/2021

Article: How Jim Chanos Uses Cynicism, Chutzpah — and a Secret Twitter Account — to Take on Markets (and Elon Musk)

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How Jim Chanos Uses Cynicism, Chutzpah — and a Secret Twitter Account — to Take on Markets (and Elon Musk)

Michelle Celarier, 17 September 2018

It’s a sweltering, 95-degree August day in Manhattan, but Jim Chanos — fresh off a two-week holiday, rocking a sharkskin suit — is pumped: Elon Musk had once again called a hero of the Thai cave rescue a pedophile. It’s 1:30 in the afternoon. Chanos bolts through the door to his office building on West 55th Street, grabs the journalist waiting for him, and, on the elevator ride to his eighth-floor office, fills her in on the latest news. Continue reading “Article: How Jim Chanos Uses Cynicism, Chutzpah — and a Secret Twitter Account — to Take on Markets (and Elon Musk)”

09/06/201803/03/2021

Article: An audience with short-seller Marc Cohodes: ‘You have to be nine-tenths insane to do it’

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An audience with short-seller Marc Cohodes: ‘You have to be nine-tenths insane to do it’

Tom Teodorczuk, 06 September 2018

Marc Cohodes should have made a spectacular killing out of the 2008 financial crisis. Instead the short-seller was caught in the crossfire among the troubled banks, and ended up retreating back to his farm Alder Lane in Northern California and raising chickens: “I was so beyond sick of the whole thing and wanted nothing to do with it.” Continue reading “Article: An audience with short-seller Marc Cohodes: ‘You have to be nine-tenths insane to do it’”

08/31/201803/04/2021

Article: Trump’s Top Targets in the Russia Probe Are Experts in Organized Crime

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Trump’s Top Targets in the Russia Probe Are Experts in Organized Crime

Some of President Trump’s favorite targets in the Russia probe have spent their careers in the Justice Department and the FBI investigating organized crime and money laundering, particularly as they pertain to Russia.

Bruce Ohr. Lisa Page. Andrew Weissmann. Andrew McCabe. President Donald Trump has relentlessly attacked these FBI and Justice Department officials as dishonest “Democrats” engaged in a partisan “witch hunt” led by the special counsel determined to tie his campaign to Russia.

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08/21/201803/23/2021

Article: FINRA fines Interactive Brokers $5.5 million for short selling violations

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FINRA fines Interactive Brokers $5.5 million for short selling violations

Reuters Staff, 21 August 2018

(Reuters) – The Financial Industry Regulatory Authority (FINRA) has fined a unit of Interactive Brokers Group Inc IBKR.O $5.5 million for violating several naked short selling rules over a period of at least three years.

The unit, Interactive Brokers LLC’s, supervisory system, including its written supervisory procedures, was not reasonably designed to achieve compliance with the federal requirements from July 2012 through June 2015, said FINRA.

FINRA, Wall Street’s self-regulator, also said the company repeatedly ignored “red flags,” including internal audit findings and multiple internal warnings from its staff.

The regulator said Interactive neither admitted nor denied the charges while settling the matter.

Interactive Brokers was not immediately available for comment.

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08/15/201803/11/2021

Article: Tatar activist detained in Kazan, questioned in financial fraud probe

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Tatar activist detained in Kazan, questioned in financial fraud probe

RFE/RL’s Tatar-Bashkir Service, 15 August 2018

A Tatar activist says he has been detained for questioning by Russian police as part of an investigation into suspected financial fraud.

Nail Nabiullin told RFE/RL by telephone that he was detained on August 15 in Kazan, the capital of Russia’s Tatarstan region, and brought to a police station.

There, Nabiullin said he was told that a person resembling him had taken out a loan of 30,800 rubles ($460) in 2017 from a local bank and failed to pay it back.

Police officers showed Nabiullin a photo of the suspect, who the activist said did not look like him at all. Continue reading “Article: Tatar activist detained in Kazan, questioned in financial fraud probe”

08/01/201803/13/2021

Article: Credit Suisse charged with rigging foreign exchange rates

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Credit Suisse charged with rigging foreign exchange rates

Reuters Staff, 01 August 2018

Credit Suisse has been charged by European Union antitrust regulators with rigging foreign exchange rates, the Swiss bank said on Tuesday, a sign that the five-year long EU investigation may reach a conclusion in the coming months.

Credit Suisse said in its quarterly report it received notification from the European Commission on July 26 alleging that it “engaged in anticompetitive practices in connection with its foreign exchange trading business”. EU enforcers typically lay out charges of illegal activities conducted by companies before imposing fines which can reach 10 percent of their global turnover. Continue reading “Article: Credit Suisse charged with rigging foreign exchange rates”

08/01/201803/15/2021

Article: EU Regulators Charge Credit Suisse with Rigging FX Markets

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EU Regulators Charge Credit Suisse with Rigging FX Markets

Celeste Skinner, 01 August 2018

Credit Suisse Group AG announced on Tuesday that it has been charged by European Union antitrust regulators with manipulating forex rates. The charges signal the five-year-long investigation might be coming to a close in the near future.

In a regulatory filing, the allegations state that Credit Suisse “engaged in anti-competitive practices in connection with its foreign exchange trading business.” Now, the Wall Street bank will need to wait and see if the EU regulators will impose a fine, which could be up to 10% of its global turnover. Continue reading “Article: EU Regulators Charge Credit Suisse with Rigging FX Markets”

07/20/201804/17/2021

Article: Why Rewalk Robotics (RWLK) Stock Is Skyrocketing Today

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Why Rewalk Robotics (RWLK) Stock Is Skyrocketing Today

Karl Utermohlen, 20 July 2018

Rewalk Robotics (NASDAQ:RWLK) had a good day as the company’s stock was skyrocketing following a revision to the company’s national policies from the U.S. Department of Veterans Affairs (VA)

The Israel-based company said that the aforementioned agency issued a revision to the company’s national policy regarding its exoskeleton medical device training and procurement for qualifying Veterans with spinal cord injury (SCI). The new policy includes additional guidance throughout the evaluation process of this treatment.

Plus, the announcement also means that more veterans will have access to Rewalk Robotics training program locations across the VA network, as well as expanded access to private rehabilitation centers through the company’s Veterans Choice Program

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07/19/201804/06/2021

Article: 17 CFR § 242.204 – Close-out requirement.

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17 CFR § 242.204 – Close-out requirement.

Legal Information Institute, 19 July 2018

A participant of a registered clearing agency must deliver securities to a registered clearing agency for clearance and settlement on a long or short sale in any equity security by settlement date, or if a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in any equity security for a long or short sale transaction in that equity security, the participant shall, by no later than the beginning of regular trading hours on the settlement day following the settlement date, immediately close out its fail to deliver position by borrowing or purchasing securities of like kind and quantity; Provided, however: Continue reading “Article: 17 CFR § 242.204 – Close-out requirement.”

06/25/201803/15/2021

Article: Ex-Deutsche Bank Traders Charged in Expanding Spoofing Probe

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Ex-Deutsche Bank Traders Charged in Expanding Spoofing Probe

Chris Dolmetsch, 25 June 2018

Two former Deutsche Bank AG employees were charged with fraudulent and manipulative trading involving precious metals futures contracts through a practice known as spoofing as a federal probe on illegal market practices continues to widen.

James Vorley, 38, of the U.K., and Cedric Chanu, 39, of France and the United Arab Emirates, were indicted Tuesday for conspiracy and wire fraud by a grand jury in Chicago.

The two men are accused of engaging in a multiyear scheme to defraud other traders on the Commodity Exchange Inc., a venue run by the Chicago Mercantile Exchange Group. Prosecutors said they worked with another Deutsche Bank trader, David Liew, to place fraudulent orders that they didn’t intend to execute to create a false sense of supply and demand and induce other traders to enter into transactions they wouldn’t have otherwise made.

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06/21/201803/15/2021

Article: Deutsche Bank to Pay $205M for Forex Trading Manipulation

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Deutsche Bank to Pay $205M for Forex Trading Manipulation

Zacks, 21 June 2018

Deutsche BankDB has been imposed a penalty of $205 million by the New York regulator for improper foreign exchange trading activities it conducted in the period between 2008 and 2013.

Lately, Deutsche Bank has been cutting back its failing operations globally with a view to save itself from a serious downturn. However, it still remains exposed to a horde of investigations and legal matters that might dent its financials. Continue reading “Article: Deutsche Bank to Pay $205M for Forex Trading Manipulation”

06/20/201803/15/2021

Article: Deutsche Bank fined $205 mn in US for forex manipulation

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Deutsche Bank fined $205 mn in US for forex manipulation

Phys.org, 20 June 2018

US officials fined embattled German banking giant Deutsche Bank $205 million in a settlement to resolve foreign exchange market manipulation violations, New York’s top banking regulator announced Wednesday. Continue reading “Article: Deutsche Bank fined $205 mn in US for forex manipulation”

06/20/201803/15/2021

Article: Deutsche Bank fined $205 million for currency manipulation

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Deutsche Bank fined $205 million for currency manipulation

APNews, 20 June 2018

New York regulators are slapping a $205 million fine on Deutsche Bank, following allegations that traders at Deutsche manipulated the foreign exchange market for years.

Deutsche Bank is the latest Wall Street firm to face penalties for manipulating the $5.3 trillion currency market. Banks such as Barclays, Citigroup and several others have paid hundreds of millions of dollars in fines since the scandal broke several years ago. Continue reading “Article: Deutsche Bank fined $205 million for currency manipulation”