A federal jury has convicted Steven King, 45, of conspiracy to commit health care fraud and wire fraud. King, the chief compliance officer of a pharmacy holding company, fraudulently billed Medicare over…
Category: Penalties
US SEC Issues Administrative Order Against Former President and Director of Casablanca Mining for Investment Fraud
“Rather than allow the markets to set the prices of the companies’ securities through the natural interplay of supply and demand, the Defendant engaged in numerous practices aimed at misleading the market to increase and maintain artificially high prices so that he and others could sell of their holdings for substantial gains.”
French based portfolio asset management firm Foncière Magellan fined €300,000 for failing to uphold ethical standards.
French financial regulator AMF’s Enforcement Committee imposed a €300,000 fine on Foncière Magellan for regular credit transactions and non-compliance with authorization requirements. The committee found Foncière Magellan failed to identify and manage conflicts of interest in contracts with its clients and group companies.
Chairman and predecessor fined by French regulator the AMF for violating professional responsibilities, plus €400,000 fine for the firm
French asset management company Apicap and two of its managers have been penalized by the AMF Enforcement Committee for violating their professional responsibilities. The Enforcement Committee issued a €400,000 fine and a warning…
US markets regulator the SEC issues Administrative Proceedings against Canadian prospecting firm Zeb Oro Explorations Inc.
Zeb Oro Explorations Inc. the Canadian resource exploration firm has had it’s SEC license permanently revoked after failing to file accounts since 2001 and failing to maintain a valid address on file with…
US SEC issues administrative proceedings against chief compliance officer for RRBB Asset Management, Inc.
The SEC has brought proceedings against Carl S. Schwartz, a NJ-based CPA, for violating the Investment Advisers Act of 1940. He’s been ordered to pay fines.
US Securities and Exchange Commission instigates administrative proceedings against Nevada based Wisdom Homes of America
The Securities and Exchange Commission has instituted public administrative proceedings against Wisdom Homes of America, Inc. (WOFA). The Division of Enforcement alleges that WOFA is delinquent in its periodic filings and has failed to meet its obligations to file timely reports.
AMF Withdraws Authorization of Asset Management Company Quantology Capital Management
Taking into account the situation of the portfolio asset management company Quantology Capital Management, the AMF Board has decided to withdraw its authorisation. This will take effect on 30 June 2023 at the latest.
Foncière Magellan Breaches Authorization and Fails to Manage Conflict of Interest: AMF Enforcement Committee Decision
Please note that the French version of this press release was published on 10 May 2023.
In its decision of 4 May 2023, the Enforcement Committee imposed a fine of €300,000 on the portfolio asset management company Foncière Magellan.