investor Archives - The Industry Spread

Sydney Ifergan Appointed AS CMO of ExMarkets

November 9, 2019

ExMarkets, a digital asset exchange platform owned by Germany based blockchain tech firm Lighthouse Blockchain Technology GmbH recently revealed in an announcement that it has made an addition to its senior level management team. As per update from the firm, it has hired Mr. Sydney Ifergan to serve in role of Chief Marketing Officer with appointment set to come into effect immediately.

SEC Charges New Defendant in $43 Million Tribal Bonds Scheme

June 29, 2019

The Securities and Exchange Commission today charged a Los Angeles man for his role in a fraudulent tribal bonds scheme to gain undisclosed control over two registered investment advisers so that he, his partner, and their associates could steal $43 million of client funds they purported to invest in Native American tribal bonds. 

Investor Alert: The Perils of Pension Income Deals

June 25, 2019

A pension provides something extremely valuable to any retiree: Guaranteed income. A pension pays a monthly annuity for the life of the pension holder. If you are a retiree receiving an annuity, or an active employee in a government or private pension income plan, you know its value. But a pension also makes you a target for investment promoters offering to buy the rights to some or all the pension payments you would otherwise receive in the future.

Wedbush to Pay More Than $8.1 Million for Improper Handling of ADRs

June 25, 2019

The Securities and Exchange Commission today announced that Wedbush Securities Inc. will pay more than $8.1 million to settle charges for improper handling of “pre-released” American Depositary Receipts (ADRs). This is the SEC’s 11th action against a bank or broker resulting from the SEC’s ongoing investigation into abusive ADR pre-release practices, which, thus far, has resulted in monetary settlements exceeding $422 million.