On May 21, 2010, the Securities and Exchange Board of India has taken action against Vijay Jhindal for violation of SEBI Regulation Act.
On May 24, 2010, the Securities and Exchange Board of India suspended the certificate of registration of stock broker, Mr. Bipin Vora bearing registration no. INB 010004416 for a period fifteen days. It is alleged that Mr. Vora employed fraudulent and unfair trade practices and has acted in contravention of the prescribed mechanism and thereby violated the Code of Conduct specified for brokers.
As published by the Hong Kong Securities & Futures Commission on May 26, 2010, the Court of Appeal has dismissed an appeal by Chui Mui Ng and Kai Yee Law against the Securities and Futures Appeals Tribunal’s (SFAT) decision. The SFAT had earlier revoked Ng’s license and prohibited her from reapplying for a license for 10 years, and suspended Law for two years and three months.
On May 3, 2010, the Financial Industry Regulatory Authority (FINRA) barred Mr. Shwan D Baldwin in all capacities. He was also suspended for two years in all capacities and was fined $25,000 jointly with CMG. It is alleged that Mr. Baldwin violated NASD Rules 1017, 1022, 1120, 2110, 2210, 3010, 3011,
3110, and 3510; Exchange Act Rules 15c3-1, 17a-3, 17a-4, and 17a-5; and MSRB Rules G-3, G 27, G-37, G-40, and G-41.
On April 23, 2010, the Financial Industry Regulatory Authority (FINRA) fined $5,000 and suspended Mr. Jonathan M Skiba in all capacities for one year from associating with any member Finn in any capacity. Mr. Skiba was also ordered to pay restitution to customers RR and MR. in the total amount of $14,909.49, plus interest from the date that they incurred surrender charges. It was alleged that Mr. Skiba violated NASD Rule 2110 by submitting four false and misleading variable annuity applications to his Finn, and by failing to structure the transactions at issue as variable annuity replacements and to submit proper documentation for these transactions to his Finn and customers as required by the Finn.
On February 26, 2010, the Financial Industry Regulatory Authority (FINRA) found out that Mr. Gerald J Kesner made material omissions, in violation of Section 10(b) of the Exchange Act, Exchange Act Rule 1 Ob-5, and NASD Rules 2120 and 2110 and made an unsuitable recommendation, in violation of NASD Rules 2310 and 2110.
Mr. Kesner was barred for the fraud violation and imposes a separate bar for the suitability violation. The bars are effective upon service of this decision. Mr. Kesner was also asked to pay appeal costs of $1, 374.60.
On 24 February 2010, the Financial Industry Regulatory Authority (FINRA) barred Craig M Biddick in all capacities for converting and misusing customer securities, in violation of NASD Rules 2330 and 2110. He and Mission Securities Corporation were also ordered to pay $38,946.06.
On May 26, 2010, the U.S. Securities and Exchange Commission barred Mr. Gene T Mancinelli from association with any broker or dealer with the right to reapply for association after three years. It is alleged that Mr. Mancinelli permitted his hedge fund customers to late trade and deceptively market time mutual funds. He was also asked to pay disgorgement of $45,000.
On May 26, 2010, the U.S. Securities and Exchange Commission ordered that Mr. James E Otto is barred from association with any broker, dealer, or investment adviser. It is further ordered that Mr. Otto cease and desist from committing or causing any violations and any future violations of Sections 10(b) and 15(a) of the Exchange Act and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Advisers Act.
On August 18, 2009, the U.S. Securities and Exchange Commission ordered that JayCee James shall cease and desist from committing or causing any violations or future violations of Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and Exchange Act Rules 13d-1, 13d-2, and 16a-3. It is alleged that JayCee James (James) filed numerous reports with the Commission claming stock ownership in more than two dozen public companies, even though he was not a shareholder in any of the companies.
The Companies House of United Kingdom has listed Gary James Gains in the Register of Disqualified Directors from 23/02/2010 to 22/02/2017.
The Companies House of United Kingdom included the name of Ilyas Ahmed Issa Gajra in the list of Register of Disqualified Directors from March 22, 2010 to March 21, 2023.
On February 2, 2010, the Financial Services Authority of United Kingdom decided to make an order to prohibit Mr. John White from performing any function in relation to any regulated activity carried on by any authorized person, exempt person or exempt professional firm. The order takes effect for May 27, 2010. It is alleged that while Mr. White was employed as Settlements Manager at Seymour Pierce Limited, he committed a number of frauds.
On May 19, 2010, the Securities and Exchange Board of India gave a warning to the Director of Swadha Securities Pvt. Ltd., Mr. Naresh Kumar Jalan to be careful and cautious in the conduct of its business and to adhere to and comply with all the statutory provisions while carrying out activities in the securities market. It is alleged that Mr. Jalan had indulged in various cross deals and off market trades for its clients, which created artificial volume and price rise in the shares of Twenty First Century (India) Ltd.
On May 24, 2010, the Securities and Exchange Commission filed an injunctive action charging Albany, New York resident Christopher W Bass and various entities he controlled with conducting a Ponzi scheme through which Defendants fraudulently obtained approximately $5.9 million from over 400 investors. The complaint charged Mr. Bass and the entities he controlled with violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.
USA: FINRA suspends Iowa individual USA: New York based agent fined by NYSID USA: NYSID revokes license of agent Australia: ASIC issues list of disqualified individuals USA: FRB files supervisory action against company USA: Enforcement action against Progress Bank of Florida and its principal USA: FINRA files disciplinary actions against individual USA: FINRA suspends New Jersey individual USA: SEC charges individuals in Ponzi scheme USA: Companies and three senior officers to pay $14 million in fines, disgorgement USA: FINRA takes actions against Seaboard Securities, Inc. and its principal USA: Florida individual suspended by FINRA United Kingdom: FSA warns investors against unauthorized firm and an individual Hong Kong: Former licensee fined by SFC About Us USA: FINRA bars New York registered principal USA: FRB files supervisory action against Illinois company USA: FRB takes supervisory action against company and its chairman India: CSE cancels Certificate of Registration of a member USA: Five individual charged with insider trading by SEC 
Medical License Verification Fake Certificates Blog India Criminal Records Pakistan Criminal Records
English