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  • SEC: Adviser Steered Investor Money To His Own Companies

    Date 02/06/2016

    The Securities and Exchange Commission today charged a North Carolina-based investment adviser with defrauding investors by secretly steering portions of real estate-related investments into deals with companies that he owned or operated himself.

  • Nasdaq, Inc. Prices $500,000,000 Senior Notes Offering

    Date 02/06/2016

    Nasdaq, Inc. (the “Company”) (Nasdaq:NDAQ) today announced that it priced a public offering of $500,000,000 aggregate principal amount of U.S. dollar-denominated 3.850% senior notes due 2026 (the “Offering”).  The Company expects to use the net proceeds from the Offering, together with cash on hand and/or borrowings under the Company’s senior credit facility, to fund the cash consideration payable by the Company for its acquisition of 100% of the equity interests in U.S. Exchange Holdings, Inc. (the indirect owner of three electronic options exchanges: International Securities Exchange, ISE Gemini and ISE Mercury) (the “ISE Transaction”) and related expenses and for general corporate purposes, which may include, without limitation, the repayment of indebtedness or the funding of other future acquisitions.

  • SEC Halts EB-5 Scheme Stealing Investments In Cancer Center

    Date 02/06/2016

    The Securities and Exchange Commission today announced fraud charges and an asset freeze against a husband and wife accused of misusing two-thirds of the money they raised from investors for the purpose of building and operating a new cancer treatment center that would use proton beam radiation to help oncology patients in Southern California.

  • CFTC Orders Bitcoin Exchange Bitfinex To Pay $75,000 For Offering Illegal Off-Exchange Financed Retail Commodity Transactions And Failing To Register As A Futures Commission Merchant

    Date 02/06/2016

    The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Hong Kong-based bitcoin exchange, BFXNA Inc. d/b/a Bitfinex (Bitfinex), for offering illegal off-exchange financed retail commodity transactions in bitcoin and other cryptocurrencies, and for failing to register as a Futures Commission Merchant (FCM) as required by the Commodity Exchange Act (CEA). The Order requires Bitfinex to pay a $75,000 civil monetary penalty and to cease and desist from future such violations of the CEA.

  • SEC Names Christopher Hetner As Senior Advisor To The Chair For Cybersecurity Policy

    Date 02/06/2016

    The Securities and Exchange Commission today announced that Christopher R. Hetner has been named Senior Advisor to the Chair for Cybersecurity Policy.  In this role, Mr. Hetner will serve as a senior advisor to Chair Mary Jo White on all cybersecurity policy matters.