Treasury sanctions four people and 41 entities in the Prince Group scam network
OFAC widened its action against the Prince Group, which it links to digital asset investment scams, and separately sanctioned a Malaysian individual it says ran scammers in Madagascar.
Court orders Texas man and his firm to pay over $13 million in CFTC commodity pool fraud case
A federal court in Texas has entered a default judgment against Walter Dunning Larrick III and Cambridge Financial Advisors LLC, finding they took more than $3 million from participants in a sham commodity pool.
SEC concludes case against five US citizens tied to overseas boiler rooms that sold fake investments
A New York federal court entered a final judgment against Daniel T. Wellcome Jr. on October 9, the last in an SEC case over boiler rooms that sold investors fake exchange-listed investments.
FCA survey finds young investors miss the pressure tactics used to sell investments
Only 36% of UK 18 to 40-year-olds said a 'last chance to buy' pitch would make them more cautious, and 37% said it would push them to buy quickly, the FCA found.
SEC settles with Connecticut man over alleged day trading fund fraud and Ponzi-like payments
Bran Crudden and Transparent Equity Entrepreneurs allegedly raised more than $645,000 from about twenty-three retail investors for a day trading fund and pre-IPO funds. They agreed to settle, subject to court approval.
SEC charges BG Wealth and DSJ Exchange over $130 million crypto signals scheme built on false SEC filings
The SEC alleges two Colorado-incorporated entities raised more than $130 million from retail investors with promised risk-free crypto trading returns and fake proof of SEC registration.
SEC charges DEBT Box partners over alleged $200 million crypto offering fraud
The SEC sued Blox Lending, Jason R. Anderson, Digital Licensing Inc. and two of its principals, alleging DEBT Box sold crypto assets backed by royalties that never existed. Three defendants have agreed to settle.
SFC takes Taste•Gourmet executives to tribunal over alleged share price manipulation
Hong Kong's SFC alleges three executives and five associates propped up the GEM-listed company's shares to meet the market value needed for a move to the Main Board.
Court orders Louisiana forex scheme operator and his firms to pay a penalty of over $9 million
A federal court has entered a default judgment in a CFTC case against Michael B. DePetrillo, Meteor LLC and NOLA FX Capital Management LLC, finding they took more than $3 million from forex participants.
SEC files final judgment against Benjamin Conde in alleged penny stock manipulation scheme
The proposed judgment would impose a penny stock bar and $2,778,821.69 in disgorgement and interest over an alleged 2017 boiler-room and wash-trading scheme in Renewable Energy and Power shares.
SEC settles with estate of fund manager accused of losing investors' money trading
The SEC alleges Chirayu Vijay Patel pooled about $10 million from more than 40 investors, lost over $7 million trading and hid it with false statements. His estate has settled.
Court orders EminiFX and founder to pay over $288 million in CFTC Ponzi case
A New York federal court has granted the CFTC summary judgment against Eddy Alexandre and EminiFX, which promised weekly returns on crypto and forex trading to tens of thousands of investors.
SEC wins final judgments against five in alleged microcap boiler-room scheme
The SEC has obtained final judgments and penny stock bars against five defendants it says ran a high-pressure call centre that generated more than $58 million in trading proceeds.
Inside Winset: The Rules-Based Algorithm Winset Says Has Stayed Profitable Through 6 Years of Market Cycles
Winset's Rudin algorithm has traded EUR/USD on fixed rules for six years, with a public record on Myfxbook since 2023. The firm is now opening a partner program for introducing brokers and money managers.
FINRA Foundation study finds only 18% of investors understand risk at an advanced level
Research released for World Investor Week says most investors know the basics but not margin, short selling or option payoffs, and that a little knowledge was linked to the highest willingness to back a fraud-like offer.
SEC charges two men over alleged $8.7 million options-fund fraud aimed at veterans
The SEC alleges Christopher Kenji Dinelli and Jacob David Frankel claimed returns of up to 153% for an options trading fund that kept losing money, and misappropriated investor funds.
SEC obtains final judgments against three BitConnect promoters
A New York federal court has ordered BitConnect promoters Michael Noble, Craig Grant and Trevon Brown to pay disgorgement, interest and civil penalties, the SEC said on 30 September.
FCA wins confiscation orders against two men convicted over £1.5 million crypto investment fraud
Southwark Crown Court ordered Raymondip Bedi and Patrick Mavanga to pay £603,404.28 and £247,997.99, which the FCA says will go back to victims of the scheme.
SEC charges Cryptoaiml and TSAI entities over alleged WhatsApp and AI trading-bot scams
The SEC alleges four overseas-linked entities took more than $15 million from hundreds of retail investors with fake trading platforms, bogus AI signals and bots, and forged SEC filings.
How to choose a trading educator: red flags, green flags and questions to ask
Trading education ranges from rigorous courses to sales funnels for brokers. A few checks separate teachers from marketers, and regulators have started to act on the worst of the latter.
Before you copy a trader: a practical checklist
Copy trading hands your trading decisions to someone else. Track record, drawdown, fees, slippage and regulation all deserve a look before you connect your account.
Pause Before You Pay: Unusual Money Transfer Instructions May Signal Fraud
A CFTC advisory on scams that push victims to pay through crypto ATMs, gift cards, couriers, unfamiliar apps or fake trading platforms, with red flags to watch for and how to verify before paying.
Use Caution Responding to Messaging Apps
The CFTC warns about crypto trading scams that begin with unsolicited messages and group chats on WhatsApp, Telegram and other apps, and explains how to respond and tighten privacy settings.
Customer Advisory: AI Won’t Turn Trading Bots into Money Machines
A CFTC customer advisory on schemes that use AI hype to sell trading bots and signal services promising huge or guaranteed returns, with a case study and four checks to make before trusting a platform.
Updated Investor Bulletin: Leveraged and Inverse ETFs
The SEC’s investor-education office on why leveraged and inverse ETFs that reset daily can drift far from their stated multiple over longer periods, with worked examples and questions to ask first.
Social Media and Investment Fraud – Investor Alert
The SEC’s investor-education office on how fraudsters use social media: impersonation, “crypto” scams, romance scams, pump-and-dumps, scalping, touting and affinity fraud, and how to check who you are dealing with.
Investor Bulletin: Understanding Margin Accounts
The SEC’s investor-education office on how buying on margin works, from initial and maintenance margin to margin calls, forced sales, interest, securities lending and FINRA’s new intraday margin rules.
Investor Alert: Thinking About Investing in the Latest Hot Stock? Understand the Significant Risks of Short-Term Trading Based on Social Media
The SEC’s investor-education office on short-term trading in volatile, heavily promoted stocks: bubbles, momentum and noise trading, margin, options and short sales, Limit Up-Limit Down pauses and manipulation.
Customer Advisory: Beware of Gold and Silver Schemes Designed to Drain Your Retirement Savings
A CFTC advisory on precious-metals dealers pitching CARES Act retirement withdrawals into collectible coins, gold IRAs and leveraged metals purchases, with a formula for comparing dealer premiums.
Customer Advisory: Beware Virtual Currency Pump-and-Dump Schemes
The CFTC's first advisory on crypto pump-and-dumps: how anonymous chat groups count down to a coordinated buy in a thinly traded coin, why the cycle can be over in minutes, and how customers can protect themselves.
Customer Advisory: Understand the Risks of Virtual Currency Trading
The CFTC's advisory on buying bitcoin and other virtual currencies in the cash market and trading their futures and options: unregulated platforms, flash crashes, hacking, cash settlement and leverage.
An Introduction to Options – Investor Bulletin
The SEC’s investor-education office explains listed stock options: calls and puts, strike prices, premiums and expiry, worked examples of each, and the risks to option holders and writers.
Retired Business Men in the Stock Market
Four consecutive sections of Henry Howard Harper's The Psychology of Speculation (1926): a retired Boston leather merchant sells short into the 1915 war boom, and nobody loves a bear.
Chapter I: A Job as Quotation-Board Boy
The opening chapter of Edwin Lefèvre's Reminiscences of a Stock Operator (1923): a quotation-board boy learns to read the tape and beats the bucket shops until they refuse his business.
Chapter V: The Average Ticker Hound
Chapter V of Edwin Lefèvre's Reminiscences of a Stock Operator (1923): the tape-worm's blind spot, old Partridge's "it's a bull market, you know", and why sitting tight made the big money.
What and When to Buy and Sell
Part 2 of J. J. Butler's Successful Stock Speculation (1922): five short chapters on what stocks to buy and to avoid, when to buy, when to stay out, and when to sell.
The Bear and Short Selling
Chapter III of W. C. Van Antwerp's The Stock Exchange from Within (1913): a New York stockbroker's defence of the bear, how a short sale is borrowed and covered, and short selling as insurance in cotton and wheat.
The Speculative Cycle
Chapter I of G. C. Selden's Psychology of the Stock Market (1912), tracing the typical cycle from a dull, neglected market through the public's rush to buy, the top, and the slide back to lethargy.
How to Make Money in Wall Street
Chapter III of Henry Clews's Fifty Years in Wall Street (1908): the old veterans who buy only in panics, Rothschild's "I buys sheep and sells dear", and why barroom tips end in loss.