Regulatory

Public Warning by the Swiss Financial Market Supervisory Authority that Hyperrr.com GmbH 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 £4,127 on Döhle Yachts Management Services Limited.

Complaint alleging the defendant "drained approximately $116 million from a crypto asset trading platform known as Mango Markets after manipulating the trading price and volume of the “MNGO token,” a so-called “governance token” of Mango Markets that was purchased and sold as a crypto asset security" in U.S. Securities and Exchange Commission v. Avraham Eisenberg at the U.S. District Court for the Southern District of New York.

Press Release by the U.S. Securities and Exchange Commission announcing that Nexo Capital Inc., of the Cayman Islands, has agreed to pay $45 million in penalties for conducting an "unregistered offering of crypto asset lending product".

Administrative Order by the U.S. Securities and Exchange Commission imposing a civil money penalty of $22.5 million on Nexo Capital Inc., described as a Cayman Islands-domiciled provider of "crypto asset-related financial products and services", for an unregistered securities offering.

Public Notice by the Cyprus Securities and Exchange Commission that it has imposed restrictions on Petros Zachariades regarding Crowd Tech Ltd., suspending him from exercising" voting rights" and prohibiting his involvement in "management duties".

Public Notice by the Labuan Financial Services Authority regarding business restrictions on 11 "Labuan Licensed Entities".

Public Notice by the Malta Financial Services Authority that it has prohibited Karl Cini "from accepting any new positions" while "criminal proceedings against Mr. Cini are ongoing".

Public Notice by the Malta Financial Services Authority that it has prohibited Brian Tonna "from accepting any new positions" while "criminal proceedings against Mr. Tonna are ongoing".

Defendant Stephen Braverman's Motion to Dismiss 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, of the United Arab Emirates, as Relief Defendant, at the U.S. District Court for the Southern District of Florida.

Complaint alleging securities fraud involving broker-dealers in the United Kingdom and USA in U.S. Securities and Exchange Commission v. Terrance Reagan and Nathaniel Clay at the U.S. District Court for the Southern District of New York.

Complaint alleging "an unregistered offer and sale of securities" in the form of crypto in U.S. Securities and Exchange Commission v. Genesis Global Capital LLC and Gemini Trust Company LLC at the U.S. District Court for the Southern District of New York.

Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £280,000 on GFG Limited (in Voluntary Liquidation) for "the firm’s failure to meet the minimum criteria for licensing under the Protection of Investors (Bailiwick of Guernsey) Law, 2020".

Complaint alleging "a manipulative and deceptive scheme to artificially inflate the price of swaps offered by Mango Markets, a decentralized digital asset exchange, culminating in the misappropriation of over $100 million from the platform" in Commodity Futures Trading Commission v. Avraham Eisenberg at the U.S. District Court for the Southern District of New York.

Complaint alleging securities fraud involving entities in several jurisdictions, including the Bahamas, Canada, and USA, in U.S. Securities and Exchange Commission v. Andrew DeFrancesco, Marlio Mauricio Dioaz Cardona, Carlos Felipe Rezk, Nikola Faukovic, and Catherine DeFrancesco, described as "resident of Miami Beach, Toronto, and Gstaad, Switzerland", at the U.S. District Court for the Southern District of New York.

Consent Order imposing a fine of $50 million in the Department of Financial Services v. Coinbase Inc.

Decision by South Africa's Financial Services Tribunal setting aside a fine and disqualification in Nigel James Green, a citizen of the United Kingdom residing in the United Arab Emirates who is principal of deVere Group v. South Africa's Financial Conduct Authority.

Complaint (and Proposed Judgment) alleging the defendant "stole more than $5 million" from his employer, African Gold Acquisition Corp., and from investors in Strategic Metals Acquisition Corp. I and Strategic Metals Acquisition Corp. II, all of the Cayman Islands, in U.S. Securities and Exchange Commission v. Cooper J. Morgenthau at the U.S. District Court for the Southern District of New York.

Public Notice by the Guernsey Financial Services Commission that it has imposed a disqualification on Hamish Jebb Hamilton Few.

Public Statement by the Guernsey Financial Services Commission that it has imposed penalties on Crescendo Advisors International Limited and Hamish Jebb Hamilton Few.

Media Release by the Securities Commission of the Bahamas, including copies of filings at Bahamas Supreme Court, regarding what information about the failed FTX crypto group can be legally shared with debtors in the United States.

Decision Notice by the Cayman Islands Monetary Authority that it has cancelled the fund registrations of VQR Multistrategy Fund LP and VQR Multistrategy Cayman Feeder Fund Ltd.

Decision Notice by the Cayman Islands Monetary Authority that it has cancelled the mutual fund registration of Virgil Sigma Fund LP.

Decision Notice by the Cayman Islands Monetary Authority that it has cancelled the director registration of Stefan He Qin.

Public Notice by the Cyprus Securities and Exchange Commission that Target Wealth Opportunities Ltd. has paid €30,000 to settle a regulatory investigation.

Proposed Consent Order of Judgment in Commodity Futures Trading Commission v. Zixiao 'Gary' Wang at the U.S. District Court for the Southern District of New York.

Proposed Consent Order of Judgment in Commodity Futures Trading Commission v. Caroline Ellison at the U.S. District Court for the Southern District of New York.

Amended Complaint in Commodity Futures Trading Commission v. Samuel Bankman-Fried, FTX Trading Ltd., d.b.a. FTX.com, of Antigua and Barbuda; Alameda Research LLC, Caroline Ellison, and Zixiao 'Gary' Wang at the U.S. District Court for the Southern District of New York.

Complaint and proposed judgments regarding "a scheme to defraud equity investors in FTX Trading Ltd.", described as an Antigua and Barbuda-domiciled crypto platform, in U.S. Securities and Exchange Commission v. Caroline Ellison and Zixiao 'Gary' Wang at the U.S. District Court for the Southern District of New York.

Public Statement by the Isle of Man Financial Services Authority regarding Suzanne Margaret Collins and her conduct as "Head of Compliance" of Corporate Options Limited, later known as Parcville Limited.

Public Statement by the Isle of Man Financial Services Authority "concerning the regulatory investigation of the Isle of Man Financial Services Authority in respect of Parcville Limited, formerly known as Corporate Options Limited, and the associated outcomes", including the imposition of prohibitions on Gerald Chase, Paul Chase, and Lee Murphy.

Complaint alleging "a deceptive and manipulative scheme to illegally trigger payouts on two large option contracts totaling $30 million" that, inter alia, involved a Cayman Islands-domiciled feeder fund in U.S. Commodity Futures Trading Commission v. Glen Point Capital Advisors LP, Glen Point Capital LLP, and Neil Phillips, described as having "a last known residence in the United Kingdom", at the U.S. District Court for the Southern District of New York.

Complaint alleging "an international pyramid scheme case involving a fake crypto asset trading and mining company" in U.S. Securities and Exchange Commission v. Francisley Valdevino da Silva, a citizen and resident of Brazil; Ramon Antonio Perez Arias, Juan Antonio Tacuri Fajardo, and Jose Ramiro Coronado Reyes at the U.S. District Court for the Southern District of New York.

Complaint and Proposed Judgment alleging "Danske, directly and through its branch in Estonia, provided banking services to suspicious customers despite knowing there was a high degree of risk that such customers were potentially engaged in money laundering" in U.S. Securities and Exchange Commission v. Danske Bank A/S, described as "a Danish multinational banking and financial services corporation headquartered in Copenhagen, Denmark", at the U.S. District Court for the Southern District of New York.

Media Release by the Securities Commission of the Bahamas to "once again correct key misstatements made by Mr. John J. Ray III, the representative of the U.S. FTX debtors, which do not appear to be concerned with facts but rather, appear intended only to make headlines and advance questionable agendas".

Complaint alleging crypto-related fraud involving FTX Group in U.S. Commodity Futures Trading Commission v. Samuel Bankman-Fried, FTX Trading Ltd., d.b.a. FTX.com, of Antigua and Barbuda, and Alameda Research LLC at the U.S. District Court for the Southern District of New York.

Complaint alleging "billions of dollars" fraud involving the FTX crypto group in U.S. Securities and Exchange Commission v. Samuel Bankman-Fried at the U.S. District Court for the Southern District of New York.

Enforcement Notice by the Cayman Islands Monetary Authority announcing that a fine of CI$14,700 has been imposed on Kevin David Poole for "Knowingly or wilfully supplying false or misleading information to the Authority in relation to an application submitted to theAuthority on behalf of a managed insurance company".

Enforcement Notice by the Cayman Islands Monetary Authority announcing that a fine of CI$78,150 has been imposed on Global Core Insurance SPC for regulatory breaches, including those regarding solvency.

Enforcement Notice by the Cayman Islands Monetary Authority announcing that a fine of CI$95,409 has been imposed a fine of Artex Risk Solutions (Cayman) Limited for regulatory breaches, including "Knowingly or wilfully supplying false or misleading information to the Authority in relation to an application submitted to the Authority on behalf of a managed insurance company at the relevant time".

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €6,100 on Sovereign Pension Service Limited for regulatory breaches.

Complaint alleging securities fraud involving "Bar Works Companies" in U.S. Securities and Exchange Commission v. James Robinson and David Kennedy, described as citizens of the United Kingdom residing in Marbella, Spain, at the U.S. District Court for the Southern District of New York.

Public Notice by the United Kingdom's Financial Conduct Authority that it has imposed a fine of £18 million on Julius Baer International Limited "for failing to conduct its business with integrity, failing to take reasonable care to organise and control its affairs and failing to be open and cooperative with the FCA" and banned "Gustavo Raitzin, former Regional Head for Bank Julius Baer, Thomas Seiler, former BJB Sub-Regional (Market) Head for Russia and Eastern Europe and JBI non-executive director, and Louise Whitestone,former relationship manager on JBI’s Russian and Eastern European Desk".

Public Statement by the Jersey Financial Services Commission that Jersey-domiciled Evrensel Capital Partners Public Limited Company is "carrying on ... financial services business" without being authorized to do so.

Public Notice by the Luxembourg CSSF that it has imposed a fine of €210,000 on BOS Wealth Management Europe SA for regulatory breaches.

Media Release by the Securities Commission of the Bahamas claiming that, in Chapter 11 bankruptcy filings in the U.S., "the new CEO of FTX Trading Ltd. misrepresented" the Bahamas regulator's decision "to transfer all digital assets of FTX into digital wallets under the exclusive control of the Commission for the benefit of clients and creditors of FDM [FTX Digital Markets Ltd.]".

Public Notice by the Bermuda Monetary Authority that it has canceled the "non-licensed person" registration of HBC Management Limited for regulatory breaches.

Public Notice by the Isle of Man Financial Services Authority that it has imposed a corporate disqualification on Adrian Benedict Sacco.

Media Release by the Securities Commission of the Bahamas announcing that it has obtained an order of "Indemnity and Reimbursement" from the Bahamas Supreme Court regarding the regulator's actions concerning the FTX crypto group, including "the transfer of certain digital assets to a digital wallet controlled by the Commission".

Public Notice by the Mauritius Financial Services Commission that it has revoked the Global Business License of Duet Consumer West Africa Partners Limited.