Regulatory

Public Notice by the Labuan Financial Services Authority regarding business restrictions on 25 "Labuan Licensed Entities".

Complaint in U.S. Securities and Exchange Commission v. Andrew Left, described as "an activist short publisher", and Citron Capital, LLC at the U.S. District Court for the Central District of California.

Public Notice by the Labuan Financial Services Authority regarding enforcement actions against 113 “Labuan Licensed Entities”.

Public Notice by the Luxembourg CSSF that it has imposed "the permanent deregistration from the public register and the permanent prohibition for the réviseur d’entreprises agréé (approved statutory auditor)" of Thierry Grun.

Public Notice by the Guernsey Financial Services Commission that it has imposed fines totaling £431,900 on Trident Trust Company (Guernsey) Limited, Mark Wilson Le Tissier, Ryan Daniel Dekker, and Boonyasinee Queripel, a.k.a. Kwan Queripel, and corporate disqualifications on Le Tissier, Dekker, and Queripel for regulatory breaches.

Public Notice by the Luxembourg CSSF that it has imposed a fine of €45,900 on Zeus Asset Management S.A. for regulatory breaches.

Public Notice by the Mauritius Financial Services Commission that it has suspended the Global Business License of ProConstruct Trading Limited.

Public Notice by the Mauritius Financial Services Commission that it has suspended the Global Business License of SuperTrade International Trading.

Complaint in U.S. Securities and Exchange Commission v. Silvergate Capital Corporation, Alan J. Lane, Kathleen Fraher, and Antonio Martino at the U.S. District Court for the Southern District of New york.

Public Notice by the Labuan Financial Services Authority regarding business restrictions on 26 "Labuan Licensed Entities".

Public Warning by the Swiss Financial Market Supervisory Authority that Saturn4FX International Management Sàrl, now known as Saturn4FX Sàrl, “is suspected of conducting unauthorised activities in the financial market”.

Complaint alleging "a fraudulent scheme to manipulate the price of Torchlight Energy Resources, Inc. stock and sell Torchlight stock to investors at inflated prices" in U.S. Securities and Exchange Commission v. John Brda and Georgios Palikaras, described as a citizen of Greece residing in Halifax, Nova Scotia, Canada, at the U.S. District Court for the Southern District of New York.

Public Warning by the Swiss Financial Market Supervisory Authority that Astorica SA “is suspected of conducting unauthorised activities in the financial market”.

Decision Notice by the Dubai Financial Services Authority imposing a fine of $140,000 and corporate disqualification on Daniyar Japarkulov for regulatory breaches.

Complaint alleging securities fraud in U.S. Securities and Exchange Commission v. Yanni Tassev, described as a resident of Bulgaria, at the U.S. District Court for the District of Nevada.

Reasons and Decision finding that the respondents committed fraud in 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, at the OSC’s Capital Markets Tribunal.

Public Warning by the Swiss Financial Market Supervisory Authority that Safe Trust SNC “is suspected of conducting unauthorised activities in the financial market”.

Complaint alleging a $21 million fraud involving Joonko Diversity Inc. in U.S. Securities and Exchange Commission v. Ilit Raz, described as a citizen and resident of Israel, at the U.S. District Court for the Southern District of New York.

Decision Notice by the Dubai Financial Services Authority imposed a fine of $210,000 on, and revoking the license of, Symphony Services Limited for regulatory breaches.

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

Public Notice by the Mauritius Financial Services Commission that it has revoked the Global Business License of Rivux Capital Ltd. for regulatory breaches.

Decision Notice imposing a fine of USD191,100 on Sarwa Digital Wealth Limited for regulatory breaches.

Public Warning by the Swiss Financial Market Supervisory Authority that Pro Finanz Schweiz AG “is suspected of conducting unauthorised activities in the financial market”.

Public Notice by the Malta Financial Services Authority that it has cancelled the licenses of investment funds TTC SICAV Plc and TTC Green Energy Fund for regulatory breaches.

Public Notice by the Mauritius Financial Services Commission that it has revoked the management license of Fiduciam Corporate Ltd. for regulatory breaches.

Consent Judgment and Order in U.S. Securities and Exchange Commission v. Andrew McAlpine at the U.S. District Court for the Southern District of California.

Public Warning by the Swiss Financial Market Supervisory Authority that Tritone Capital Management AG “is suspected of conducting unauthorised activities in the financial market”.

Public Notice by the Cyprus Securities and Exchange Commission that it has imposed a fine of €360,000 on MCA Intelifunds Limited, trading as FXORO, for regulatory breaches.

Public Notice by the Cayman Islands Monetary Authority regarding 'Termination of Struck or Dissolved Entities', effective April 18th, 2024.

Public Warning by the Swiss Financial Market Supervisory Authority that Atlas Administration AG (in Liquidation) “is suspected of conducting unauthorised activities in the financial market”.

Complaint alleging the defendant "acted as an unregistered broker" for Charlie Abujudeh, who is a convicted securities fraudster, and others in U.S. Securities and Exchange Commission v. Mark Borden, described as "an attorney licensed to practice law in Canada and a resident of Thornhill, Ontario, Canada", at the U.S. District Court for the Eastern District of New York.

SEC's Notice of Joint Liability Against Relief Defendant SION Trading FZE, of the United Arab Emirates, regarding an alleged crypto-based investment fraud scheme in U.S. Securities and Exchange Commission v. Arbitrade Ltd., of Bermuda; Cryptobontix Inc., of Canada; Troy R.J. Hogg, of Canada; James L. Goldberg, Stephen L. Braverman, and Max W. Barber, as Defendants, and SION Trading FZE, as Relief Defendant, at the U.S. District Court for the Southern District of Florida.

Complaint in U.S. Commodity Futures Trading Commission v. Mek Global Limited, of the Seychelles; PhoenixFin PTE. Ltd., of Singapore; Flashdot Limited, of the Cayman Islands, and Peken Global Limited, of the Seychelles, "collectively doing business as a centralized digital asset exchange under the name 'KuCoin'", at the U.S. District Court for the Southern District of New York.

Press Release by the Swiss Financial Market Supervisory Authority that Banque Audi (Suisse) SA has "breached its obligations in the prevention of money laundering" and FINMA has "ordered the disgorgement of profits totalling CHF 3.9 million and a capital surcharge of CHF 19 million".

Public Statement by the Isle of Man Financial Services Authority regarding Hill Robinson Limited's "non-compliance with Section 20(3) of the Beneficial Ownership Act 2017".

SEC's unopposed motion for the issuance of letters rogatory to Fabio Gesufatto, Blu Stella Consulting Group Inc., Ommid Faghani, Kevin Rod, Scott Reeves, Elie Boustani, and Francois Latreille, who were described as citizens of Canada residing in Quebec, Canada, for a complaint alleging securities fraud in U.S. Securities and Exchange Commission v. Michael Caridi at the U.S. District Court for the District of Connecticut.

Public Warning by the Swiss Financial Market Supervisory Authority that DexTech AG “is suspected of conducting unauthorised activities in the financial market”.

Public Warning by the Swiss Financial Market Supervisory Authority that Global Currency Travel and Tours GmbH “is suspected of conducting unauthorised activities in the financial market”.

Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £210,000 and corporate disqualification on Ginette Louise Blondel for regulatory breaches.

Public Notice by the Guernsey Financial Services Commission that it has imposed fines totaling £266,000 and/or corporate disqualifications against Fides Corporate Services Limited, David Charles Housley Whitworth, Paul Conway, and Stuart Turner for regulatory breaches.

Press Release by the Liechtenstein Financial Market Authority that "the Liechtenstein Court of Justice opened bankruptcy proceedings in respect of the assets of Sora Bank AG in Liquidation and appointed Deloitte (Liechtenstein) AG as the bank liquidator".

Public Warning by the Swiss Financial Market Supervisory Authority that Pixton AG “is suspected of conducting unauthorised activities in the financial market”.

Public Notice by the Cayman Islands Monetary Authority that it has cancelled the registration of Dzintars Derkacs for regulatory breaches.

Public Notice by the Cayman Islands Monetary Authority that it has cancelled the registration of Valor Capital for regulatory breaches.

Notice by the Labuan Financial Services Authority that "Topworth Investments Ltd, a Labuan money broker" has been petitioned into liquidation by a creditor.

Public Warning by the Swiss Financial Market Supervisory Authority that ECUREX GmbH, which appears to have operated as a crypto exchange, “is suspected of conducting unauthorised activities in the financial market”.

Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £1,008,337 on The Royal Bank of Scotland International Limited for regulatory breaches.

Public Warning by the Swiss Financial Market Supervisory Authority that Swiss Financial Insurance GmbH “is “suspected of conducting unauthorised activities in the financial market”.

Public Notice by the Guernsey Financial Services Commission that it has issued a £10,000 fine and two-year prohibition against Iskander Karam, a.k.a. Alexander Karam, a.k.a. Alexander Kaymen, who appears to be a citizen and resident of the United Kingdom, after finding that he "deliberately or recklessly made a number of false and/or misleading statements in his Personal Questionnaire submitted in connection with an application for a licence and for the authorisation of a collective investment scheme".

Cease and Desist Order in U.S. Securities and Exchange Commission v. Cloopen Group Holding Limited, described as a Cayman Islands-domiciled, China-based "provider of cloud-based communications products and services to enterprises of various sizes located primarily in China", in an administrative proceeding before the Securities and Exchange Commission.