Stockbroker Misconduct and Investment Fraud Blog

ICO Regulation Expected to Increase in 2018

ICO Regulation Expected to Increase in 2018

As ICOs — initial coin offerings — gained momentum in 2017, regulators are expected to take more enforcement actions in 2018 despite certain legal ambiguities. Last July, the U.S. Securities and Exchange Commission issued guidance after...

Exec Plays Lead Role in ConvergEx Fraud Scheme

Exec Plays Lead Role in ConvergEx Fraud Scheme

The U.S. Securities and Exchange Commission has confirmed that it has reached a settlement with Khaled Bassily, former chief of ConvergEx Group LLC’s transition management business. The deal settles claims that Bassily played a role in the...

Citigroup Stock Ratings Result in FINRA Fine

Citigroup Stock Ratings Result in FINRA Fine

The Financial Industry Regulatory Authority (FINRA) has reached an $11 million agreement with Citigroup to settle claims regarding Citigroup stock ratings. The claims allege that the bank provided small investors with inaccurate information about...