Regulatory Agencies

Public Notice by the Vanuatu Financial Services Commission of its Intention to Revoke the Financial Dealers License of Neptune Securities (V) Limited.

Public Notice by the Vanuatu Financial Services Commission of its Intention to Revoke the Financial Dealers License of Solar Group Limited.

Public Notice by the Labuan Financial Services Authority regarding business restrictions on 22 "Labuan Licensed Entities".

Public Warning by the Swiss Financial Market Supervisory Authority that Suo Tempore AG "is "suspected of conducting unauthorised activities in the financial market".

Public Notice by the Cayman Islands Monetary Authority of the 'Termination of Struck or Dissolved Entities', effective December 11th, 2023.

Decision Notice by the Cayman Islands Monetary Authority cancelling the "director registration" of Ling Zhang, of Beijing, China.

Decision Notice by the Cayman Islands Monetary Authority cancelling the "director registration" of Jianxin Yu, of Beijing, China.

Decision Notice by the Cayman Islands Monetary Authority cancelling the registration of Jolly Capital Limited for regulatory breaches.

Complaint alleging the defendant "has failed and continues to fail to comply with the Commission’s "Custody Rule", which, to ensure the safety of client assets, requires an annual report from an independent public accountant of Brite Australia’s internal controls" in U.S. Securities and Exchange Commission v. Brite Advisors USA, Inc. at the U.S. District Court for the Southern District of New York.

Public Warning by the Swiss Financial Market Supervisory Authority that Visamar Group GmbH (in Liquidation) is "suspected of conducting unauthorised activities in the financial market".

Complaint alleging the defendants operated - in the form of a crypto platform - as a securities exchange, broker/dealer, and clearing agency without being registered in U.S. Securities and Exchange Commission v. Payward Inc. and Payward Ventures Inc., collectively doing business as Kraken, at the U.S. District Court for the Northern District of California.

Public Warning by the Swiss Financial Market Supervisory Authority that Euro Hypo GmbH is "suspected of conducting unauthorised activities in the financial market".

Public Notice by the Labuan Financial Services Authority that Luke Furler, of Quantuma, has been appointed as Interim Liquidator of City Credit Investment Bank Ltd.

Public Notice by the Labuan Financial Services Authority that "a creditor petition for the winding up of City Credit Investment Bank Limited, a Labuan investment bank, had been filed in the High Court of Sabah and Sarawak at the Federal Territory of Labuan".

Complaint alleging "a multi-year investment adviser fraud orchestrated by Hughes, Individual 1, Prophecy Asset Management LP, and Individual 2" involving entities in the British Virgin Islands, Cayman Islands, and Delaware in U.S. Securities and Exchange Commission v. John Hughes at the U.S. District Court for the District of New Jersey.

Complaint alleging the defendants "perpetrated a massive fraudulent scheme that generated millions through the unregistered offer and sale of a crypto asset security called the SafeMoon Token" in U.S. Securities and Exchange Commission v. SafeMoon LLC, SafeMoon US LLC, Kyle Nagy, Braden John Karony, and Thomas Glenn Smith at the U.S. District Court for the Eastern District of New York.

Public Notice by the Mauritius Financial Services Commission that it has revoked the "Global Business Licence and the Payment Intermediary Services Licence" of Midland Express Ltd.

News Release by the Australian Securities & Investments Commission and a copy of the Consent Order regarding an asset freeze order against Brite Advisors Pty Ltd., which is owned by a British Virgin Islands company whose directors are United Kingdom citizens David McKenna and Mark Donnelly.

Public Notice by the Labuan Financial Services Authority regarding “enforcement actions” it has taken against “Labuan Licensed Entities from December 2015 to October 2023”.

Decision Notice by the Cayman Islands Monetary Authority cancelling the securities license of VIA Asset Management Limited for regulatory breaches.

Decision Notice by the Cayman Islands Monetary Authority revoking the license of Trade and Commerce Bank - 21 years after the bank went into liquidation.

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the "operation licence" of KMG Capital Markets Ltd., described as a "Management Company of Open-ended Undertakings for Collective Investment in Transferable Securities", because "it has not made use of the license within twelve months since the granting of the license was notified to it".

Decision Notice by the Dubai Financial Services Authority Dubai Financial Services Authority imposing a fine of $373,842 on FFA Private Bank (Dubai) Limited, described as a wholly-owned subsidiary of Lebanon-based Capital Bank, a.k.a. I&C Bank, for regulatory breaches.

Decision dismissing an appeal against a five-year disqualification and reducing a regulatory fine from $500,000 to $240,000 in Rudolfs Veiss v. Qatar Financial Centre Regulatory Authority at the Qatar Financial Centre Regulatory Tribunal.

Public Notice by the Luxembourg CSSF regarding the "Judicial liquidation" of Fortuna Banque s.c. and the "Activation of the Luxembourg Investor Compensation Scheme".

Stipulated Order for Permanent Injunction, Monetary Judgment, and Other Relief in Federal Trade Commission v. Voyager Digital LLC, Voyager Digital Holdings Inc., Voyager Digital Ltd., of Canada, and Stephen Ehrlich, as Defendants, and Francine Ehrlich, as Relief Defendant, at the U.S. District Court for the Southern District of New York.

Complaint in Federal Trade Commission v. Voyager Digital LLC, Voyager Digital Holdings Inc., Voyager Digital Ltd., of Canada, and Stephen Ehrlich, as Defendants, and Francine Ehrlich, as Relief Defendant, at the U.S. District Court for the Southern District of New York.

Complaint alleging the defendant and Voyager Digital, of which he was CEO, "fraudulently solicited participation in and operated a digital asset trading and custody platform in a manner that resulted in Voyager’s bankruptcy, owing its U.S. customers over $1.7 billion" in U.S. Commodity Futures Trading Commission v. Stephen Ehrlich at the U.S. District Court for the Southern District of New York.

Public Notice by the Malta Financial Services Authority that it has revoked the investment license of Westsphere SICAV Plc for regulatory breaches.

Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £40,000 and three-year disqualification on Linda Dowding "following her failure to meet the Minimum Criteria for Licensing".

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €419,997 on Alchemy Markets Limited, formerly NSFX Limited, for regulatory breaches.

Complaint alleging the defendants, "doing business under multiple brand names including Trade2Get, Coinbull, Cryptonxt, Tradenix, Cryptobravos, Nittrex, Wobit, and Pinance", perpetrated a crypto-based investment fraud in Commodity Futures Trading Commission v. Or Patreanu, of Israel; Snir Hananya, of Italy; Artem Prokopenko, of Ukraine; Elijah Samson, of Germany, and Expected Value Plus Ltd., of Seychelles, at the U.S. District Court for the District of New Jersey.

Public Notice by the Malta Financial Services Authority that it has suspended the financial institution license of MTACC Ltd., which trades as ePayService, for regulatory breaches.

Public Notice by the Labuan Financial Services Authority regarding "enforcement actions" it has taken against "Labuan Licensed Entities from December 2015 to September 2023".

Public Warning by the Swiss Financial Market Supervisory Authority that ProInvest Equity AG is "suspected of conducting unauthorised activities in the financial market".

Complaint alleging misrepresentation of ownership involving, inter alia, "a Swedish trust" in U.S. Securities and Exchange Commission v. Vista Financial Advisors LLC and Ruben Cedrick Williams at the U.S. District Court for the Southern District of New York.

Complaint alleging "a multi-million-dollar Ponzi scheme, affinity fraud, and unregistered offering of securities" in U.S. Securities and Exchange Commission v. Aras Investment Business Group S.A.P.I. de C.V., of Chihuahua, Mexico; Armando Gutierrez Rosas, Maria de Lourdes Tolentino Roque, Diayanira Rendon Trejo, Efren Norberto Quiroz Gardea, and Luis Ricardo Quiroz Gardea, all citizens of Mexico, at the U.S. District Court for the Western District of Texas.

Complaint alleging the defendant "made material misstatements to two entities that would each invest $5 million in Woodstock Partners, a charter school in Minnesota and a real estate fund in Michigan" involving entities in the Cayman Islands, Delaware, and New Jersey in U.S. Securities and exchange Commission v. William E. Miller, of Charlotte, North Carolina, USA, at the U.S. District Court for the Southern District of New York.

Complaint alleging the defendants operated as "investment advisers for the benefit of a single client: a wealthy former Russian political official living outside the United States" without being registered with the SEC, managing "a private fund securities portfolio with an estimated total value of $7.2 billion", in U.S. Securities and Exchange Commission v. Concord Management LLC and Michael Matlin, both of New York, USA, at the U.S. District Court for the Southern District of New York. Editor's Note: The 'Russian client' is not identified in the SEC's complaint but The New York Times reported that it was Roman Abramovich.

Complaint alleging the defendants operated as a broker-dealer without being registered in U.S. Securities and Exchange Commission v. Wilson J. Rondini III, of Florida, USA; Falcon Capital LLP, of the United Kingdom, and Falcon Capital Partners Limited, of Hong Kong, at the U.S. District Court for the Southern District of Florida.

Public Notice by the British Virgin Islands Financial Services Commission that it has imposed a fine of $120,000 on TMF (B.V.I.) Ltd. for regulatory breaches.

Complaint alleging "the fraudulent offer and sale of securities" in U.S. Securities and Exchange Commission v. NDB Inc., described as a Wyoming-domiciled and based "private technology startup company formerly based in San Francisco and Pleasanton, California", and Nima Golsharifi, described as a resident of London, England, at the U.S. District Court for the Northern District of California.

Public Notice by the Cyprus Securities and Exchange Commission that it has deleted Binance Cyprus Ltd. from the "Register of Service Providers of Crypto-assets" because "it has not provided services on Crypto-assets for a continuous period of six months".

Warning Notice by the Cayman Islands Monetary Authority that it "proposes to cancel the director registration held by" Jianxin Yu, of Beijing, China, for regulatory breaches.

Warning Notice by the Cayman Islands Monetary Authority that it "proposes to cancel the director registration held by" Ling Zhang, of Beijing, China, for regulatory breaches.

Warning Notice by the Cayman Islands Monetary Authority that it "proposes to cancel" the Securities registration of Jolly Capital Limited for regulatory breaches.

Complaint alleging "misuse and unreported use of funds raised in a 2016 initial public offering (IPO) as well as Defendants’ failure to disclose millions of dollars in related-party transactions that benefitted Defendant Qi’s family members" in U.S. Securities and Exchange Commission v. Guosheng Qi, described as a resident of China and Hong Kong, and Gridsum Holding Inc., described as Cayman Islands-domiciled "cloud-based analytics company", as Defendants, and Huijie He, described as a resident of China and Hong Kong, as Relief Defendant, at the U.S. District Court for the Southern District of New York.

Public Warning by the Swiss Financial Market Supervisory Authority that Swiss Business Company GmbH is "suspected of conducting unauthorised activities in the financial market".

Public Notice by the Cyprus Securities and Exchange Commission that it has suspended the voting rights of Alfa-Bank JSC, of Russia, regarding Alfa Capital Markets Ltd., of which Alfa-Bank is the "sole direct shareholder".

Public Notice by the Vanuatu Financial Services Commission that it has revoked the Financial Dealers Licence of VIDA Global Markets (V) Limited.