U.S. authorities said on Wednesday it has obtained an asset freeze against 18 tr...
WASHINGTON - U.S. authorities said on Wednesday it has obtained an asset freeze against 18 traders, who are primarily China-based, over an international market manipulation scheme that has reaped more than $31 million in illicit profits over several years.
The U.S. Securities and Exchange Commission said the traders had been manipulating more than 3,000 U.S.-listed securities for at least six years, using multiple accounts to create artificially high or low prices to buy or sell at a profit. “We allege that defendants engaged in an extensive manipulation scheme and went to great lengths to evade detection, placing trades in over one hundred separate accounts at several different brokerage firms and submitting falsified documents to open new accounts in the names of others,” Joseph G. Sansone, chief of the SEC’s Market Abuse unit, said in a statement.
The SEC detailed several similar schemes manipulating the prices of other securities, including consumer products company Helen of Troy Ltd, Ultragenyx Pharmaceutical Inc, and gold investor Global X Gold Explorers ETF.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. SEC freezes assets of 18 traders over alleged manipulationThe U.S. Securities and Exchange Commission said on Wednesday it has obtained an...
Weiterlesen »
Amazon announces 18 finalists for small business awards - Business InsiderAmazon customers can vote for their favorites in the categories of Small Business of the Year, Women-Owned, and Owner Under 30.
Weiterlesen »
18 Moments That Prove 'Coraline” Is Actually A Horror MovieIt's been 10 years and honestly, I'm still kinda terrified.
Weiterlesen »
'Awfully high' risks of a global recession in the next 12-18 months, Moody's chief economist says'Even if we don't have a recession over the next 12-18 months, I think it's pretty clear that we're going to have a much weaker economy,' says Mark Zandi, chief economist of Moody's Analytics.
Weiterlesen »