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Bahamas broker Seton Securities International fined in Canada for unlicensed operations

September 10, 2018 - Bahamas-based broker/dealer Seton Securities International Ltd., which is operated by Canadian Jay Gotlieb, has agreed to pay C$35,000 to the Alberta Securities Commission for operating without a license.

Seton Securities International Ltd.: Settlement Agreement & Undertaking

September 07, 2018 - Settlement Agreement and Undertaking in Alberta Securities Commission v. Seton Securities International Ltd.

Portmann Capital Management Ltd.: Regulatory Fine

August 14, 2018 - Regulatory Fine against Portmann Capital Management Limited by the Malta Financial Services Authority.

Healy Consultants Group Plc: Investor Alert

June 14, 2018 - Investor Alert regarding Healy Consultants Group Plc by the Mauritius Financial Services Commission.

Bruce David McNaught: Public Statement

June 08, 2018 - Public Statement by the Guernsey Financial Services Commission regarding Bruce David McNaught.

Sterling Fund & Co. Wealth Management: Public Statement

April 19, 2018 - Public Statement by Jersey Financial Services Commission regarding Sterling Fund & Co. Wealth Management.

Swiss American Capital Group Ltd.: Warning

April 17, 2018 - Warning about Swiss American Capital Group Ltd. by the Luxembourg Commission de Surveillance du Secteur Financier.

Smiths Gore and Son's Reserve Loan Company: Public Statement

February 06, 2018 - Public Statement by the British Virgin Islands Financial Services Commission regarding Smiths Gore and Son's Reserve Loan Company.

NY firm fined $20 m for helping Bahamas broker operate 'illegally' in US

January 27, 2015 - New York-based broker-dealer Oppenheimer & Co. has agreed to be fined $20 million by federal regulators for violating securities and anti-money laundering laws while servicing Bahamas-based broker-dealer Gibraltar Global Securities, Inc. and another client.

SEC v. Banc de Binary Ltd. et al: Second Amended Complaint

March 11, 2014 - Second Amended Complaint in U. S. Securities and Exchange Commission v. Banc de Binary Ltd., Oren Shabat Laurent, ET Binary Options Ltd., BO Systems Ltd. Seychelles, and BDB Services Ltd. Seychelles at the U. S. District Court for the District of Nevada.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.