Regulatory Agencies

Public Notice by the Malta Financial Services Authority that it has imposed a corporate disqualification on Lorraine Falzon for not being "fit and proper".

Public Notice by the Malta Financial Services Authority that it has imposed a corporate disqualification on Matthew Pace for not being "fit and proper".

Media Release by the Securities Commission of the Bahamas titled 'Securities Commission of The Bahamas Assumes Control of Assets of FTX Digital Markets Ltd.'.

Media Release by the Securities Commission of the Bahamas titled 'Update on FTX'.

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the Alternative Investment Fund Manager license of Corinth Fund Management Ltd. for regulatory breaches

Public Notice by the Cyprus Securities and Exchange Commission that it has suspended the investment license of FTX EU Ltd., which is part of Sam Bankman-Fried's FTX Group of crypto companies.

Media Release by the Securities Commission of the Bahamas that it "took action to freeze assets of FTX Digital Markets and related parties".

Public Statement by the Jersey Financial Services Commission that it has imposed a corporate disqualification on Christopher Paul Byrne, who was sentenced to "a seven year custodial sentence" in 2018 after being "convicted of several offences relating to his conduct as a financial adviser".

Public Notice by the Luxembourg CSSF that it has imposed a fine of €10,000 on Gaz Capital SA for a regulatory breach.

Public Notice by the Vanuatu Financial Services Commission that it intends to revoke the Financial Dealers License of Vantage Global Limited.

Public Notice by the Cyprus Securities and Exchange Commission that General Capital Brokers (GCB) Ltd., d.b.a. T1 Markets, has paid €120,000 to settle a regulatory investigation.

Public Notice by the Luxembourg CSSF that it has imposed a fine of €356,000 on BEMO EUROPE Banque Privée SA for regulatory breaches.

Public Notice by the Vanuatu Financial Services Commission that it has revoked the Financial Dealers License of Fair Forex (V) Ltd.

Public Notice by the Labuan Financial Services Authority listing "enforcement actions on these Labuan Licensed Entities from December 2015 to October 2022".

Public Notice by the Bermuda Monetary Authority that it "has successfully petitioned the Supreme Court of Bermuda to wind up General Professional Indemnity Ltd."., with Joel Edwards of EY Bermuda, and Eleanor Fisher of EY Cayman, appointed as Joint Provisional Liquidators.

Public Notice by the U.S. Department of the Treasury's Office of Foreign Assets Control that Bittrex Inc., which operates a crypto exchange, has agreed to pay $24.2 million to settle an investigation into "violations of multiple sanctions programs".

Consent Order imposing a penalty of $29 million, of which $5 million will be paid after a $24 million credit to OFAC is taken into account, for violations of the Bank Secrecy Act in Financial Crimes Enforcement Network v. Bittrex Inc., a crypto exchange.

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the investment license of the Dai Inzu (IV) Fund compartment of Dai Inzu V.C.I.C. (RAIF) Ltd. "since the minimum assets were not raised".

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the investment license of the Bacho II Fund compartment of Bacho Investment V.C.I.C. (RAIF) Ltd. and put it into liquidation "since the minimum assets were not raised".

Order Instituting Administrative Proceedings in U.S. Securities and Exchange Commission v. Leroy King, described as "a dual citizen of both the United States and Antigua and Barbuda" who "served as the Administrator and Chief Executive Officer of the Financial Services Regulatory Commission, an agency of the Antiguan government, from approximately 2002 to 2009" and is currently serving a 10-year prison sentence after pleaded guilty to criminal charges regarding a fraud committed by former banker Allen Stanford

Public Notice by the Cyprus Securities and Exchange Commission that Louis Plc has paid €10,000 to settle a regulatory investigation into "possible ... market abuse".

Public Notice by the Cyprus Securities and Exchange Commission that Crowd Tech Ltd. has agreed to pay €230,000 to settle a regulatory investigation.

Administrative Order by the U.S. Securities and Exchange Commission imposing penalties totaling $1.26 million on Kimberly Kardashian, described as "a well-known media personality and businesswoman" for promoting "a crypto asset security" known as EthereumMax (EMAX) without disclosing that she received compensation of "approximately $250,000".

Public Notice by the British Virgin Islands Financial Services Commission imposing a fine of $55,000 on Coral Reef Technologies Limited for "Carrying on unauthorized investment business services without the appropriate licence".

Public Notice by the British Virgin Islands Financial Services Commission that it has imposed a fine of $30,000 on Quijano & Associates (BVI) Limited for regulatory breaches.

Statement of Allegations alleging a US$51 million crypto-based investment fraud in the Ontario Securities Commission v. Troy Richard James Hogg, of Canada; Cryptobontix Inc., of Canada; Arbitrade Exchange Inc., of Canada; Arbitrade Ltd., of Bermuda; T.J.L. Property Management Inc., of Canada, and Gables Holdings Inc., of Canada, before the OSC's Capital Markets Tribunal.

Vanuatu Financial Services Commission's Notice of Intention of Revocation of the Financial Dealers License of Fair Forex (V) Ltd.

Judgment striking off Matthew Ledvina as a solicitor in England and Wales for "misconduct" and "dishonesty" in Solicitors Regulation Authority Ltd. v. Matthew Conway Ledvina at the Solicitors Disciplinary Tribunal.

Statement of Charges in Washington State Department of Financial Institutions v. Nexo Inc., of the Cayman Islands; Nexo Capital Inc., of the Cayman Islands, and Antoni Trenchev, a citizen of Bulgaria.

Cease and Desist Order in Maryland Securities Commission v. Nexo Inc., of the Cayman Islands; Nexo Capital Inc., of the Cayman Islands, and Antoni Trenchev, a citizen of Bulgaria.

Cease and Desist Order by the Oklahoma Department of Securities against Nexo Financial LLC, of Delaware; Nexo Inc., of the Cayman Islands, and Nexo Capital Inc., of the Cayman Islands, which collectively operate a crypto lending platform.

Cease and Refrain Order by the California Department of Financial Protection and Innovation against Nexo Group, which "comprises business entities organized primarily in European countries and territories"; Nexo Inc., of the Cayman Islands, and Nexo Capital Inc., of the Cayman Islands, which collectively "a crypto platform that offers crypto interest accounts, self-directed and over-the-counter trade execution, and lending, borrowing, and exchange services".

Ex Parte Order to Cease and Desist by the State of Vermont Department of Financial Regulation in re. Nexo Inc., of the Cayman Islands; Nexo Capital Inc., of the Cayman Islands, and Nexo Financial LLC, a Delaware entity based in London, England, collectively described as "a financial services company that generates revenue by providing, deploying, and investing digital assets and virtual currencies".

Emergency Order to Cease and Desist Order in the Kentucky Department of Financial Institutions v. Kentucky Department of Financial Institutions v. Nexo Inc., of the Cayman Islands; Nexo Capital Inc., of the Cayman Islands, and Nexo Group, which "comprises business entities organized primarily in European jurisdictions".

Public Warning by the Swiss Financial Market Supervisory Authority that MGI Capital (Suisse) AG is "suspected of conducting unauthorised activities in the financial market".

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

Public Notice by the Mauritius Financial Services Commission that it has suspended the Global Business Licence and "its Authorisation to operate as a CIS and CIS Expert Fund" of Asset Capital Growth Fund Ltd.

Public Notice by the Swiss Financial Market Supervisory Authority that it has ordered Hans-Peter Metzler, a citizen of Austria, not to engage in financial activity for which a license is required, particularly the acceptance of deposits from the public.

Public Notice by the Mauritius Financial Services Commission that it has suspended the Global Business License and Collective Investment Scheme License of fund manager SB Global Ltd.

Public Notice by the Mauritius Financial Services Commission that it has suspended the Global Business License of Asset Capital Growth Fund Ltd. and its Authorization to operate as a Collective Investment Fund and CIS Expert Fund.

Disciplinary Consent Order from the United Kingdom's Insolvency Service that insolvency practitioner John Kelmanson "be Severely Reprimanded and fine £6,500" following "a Complaint that in his role as a potential liquidator/liquidator of a Company, Mr Kelmanson breached the fundamental principle of Professional Competence and Due Care of the Insolvency Code of Ethics".

News Release by the Guernsey Financial Services Commission that it has imposed a fine of £87,500 and disqualification on Geoffrey John Trebert for "his failure to meet the Minimum Criteria for Licensing".

Administrative Order by the U.S. Securities and Exchange Commission imposing fines and disgorgement totaling $30.75 million on Sparkster Ltd. of the Cayman Islands, and Sajjad Daya, a resident of the United Kingdom, for conducting an unregistered securities offering involving crypto.

Administrative Order by the U.S. Securities and Exchange Commission that it has imposed disgorgement and interest totaling $70 million on GOL Linhas Aéreas Inteligentes SA, a.k.a. GOL Intelligent Airlines Inc., of São Paulo, described as "the second largest domestic airline in Brazil by market share", for "a scheme to bribe government officials in Brazil in exchange for certain payroll tax and fuel tax reductions that financially benefited Gol, along with other airlines".

Public Notice by the Luxembourg CSSF that it has imposed a fine of €266,000 on Maitland Luxembourg SA for regulatory breaches.

Ex Parte Order to Cease and Desist regarding a cryptocurrency group in Vermont Department of Financial Regulation v. Voyager Digital Ltd., of British Columbia, Canada; Voyager Digital Holdings Inc., of Delaware, and Voyager Digital LLC, of Delaware.

News Release by the Guernsey Financial Services Commission that it has imposed a fine of £35,000 on corporate service provider Gary William Jason Durkin "following his failure to meet the Minimum Criteria for Licensing".

Administrative Order by the U.S. Securities and Exchange Commission imposing fines totaling $225,000 on SparkLabs Global Ventures Management LLC, of Delaware; SparkLabs Management LLC, of Delaware, and Bernard Moon, of California, for "unauthorized and undisclosed inter-fund loan transactions" involving, inter alia, Cayman Islands-domiciled entities based in South Korea and Taiwan.

Administrative Order by the U.S. Securities and Exchange Commission that it has imposed a fine of $11.2 million on investment advisers Hudson Advisors LP, of Delaware, and Lone Star Global Acquisitions Ltd., of Bermuda, which "failed to fully disclose Hudson's practice for calculating and charging certain fees".

Administrative Order by the U.S. Securities and Exchange Commission imposing a fine of $70,000 on Ridgeview Asset Management Partners LLC for regulatory breaches involving entities in Brazil and USA.