The Securities and Exchange Commission of the United States of America has obtained the judgment to stop the fraudulent placement of ICO tokens, behind which was Titanium Blockchain Infrastructure Services. Within the ICO, violators raised $21 million from investors in the United States and other countries. The court approved the asset freezing and appointed a bankruptcy manager of Titanium. President of Titanium, Michael Alan Stollery, disseminated false information about business relations with the Federal Reserve System, dozens of large companies such as PayPal, Verizon and Walt Disney, posted on the Titanium website fictitious reviews of corporate clients. The SEC requires the return of investment funds with interest and penalties, as well as a ban on Stollery to participate in similar placements in the future.
UBS investment bank pays $10 Million to settle SEC charges on municipal bond offerings05.05.2020
U.S. SEC eases policy for firms suffering from virus-driven disruptions23.04.2020
SIFMA asks SEC to intervene for U.S. brokers in CAT database conflict26.04.2019
Deutsche Bank and Commerzbank terminate merger talks