InvestorProtection

Former Allianz Fund Manager Escapes Prison Time in $3 Billion Fund Collapse

17 days ago

In a major development from the finance world, a former fund manager at Allianz Global Investors, who played a critical role in the collapse of a massive investment fund, has remarkably avoided prison time. This decision was handed down in New York City, concluding a high-profile case that had raised questions about accountability in the financial industry.

Alex Mashinsky, Former Celsius CEO, Set to Plead Guilty in Major Fraud Case

20 days ago

In a significant development in the cryptocurrency sector, Alex Mashinsky, the ex-CEO of the Celsius Network, is expected to plead guilty to charges of fraud in a federal court in the United States. The charges stem from allegations that he misled investors about the viability of his company, which once managed about $25 billion in assets before declaring bankruptcy in July 2022.

JPMorgan Agrees to Pay $151 Million to Resolve SEC Complaints

2 months ago

In a significant development within the financial sector, JPMorgan Chase has reached a settlement with the Securities and Exchange Commission (SEC) that will see the banking giant pay $151 million. This settlement is aimed at addressing a series of complaints brought forth by the SEC regarding alleged compliance failures. The resolution comes after an exhaustive investigation into the bank’s practices and has attracted attention due to the implications it holds for regulatory adherence in the banking industry.