SEC Charges Quant Analyst in Multimillion Dollar Front-Running Scheme

SEC

The Securities and Exchange Commission today announced charges against Sergei Polevikov, who worked as a quantitative analyst at two prominent asset management firms, for perpetrating a years-long front-running scheme that generated illicit profits of at least $8.5 million. read more »

Pain Doctor Convicted of Over $100 Million Health Care Fraud Scheme

DOJ

A federal jury in the Eastern District of Michigan convicted a Michigan doctor today for his role in masterminding and executing a complex scheme to defraud Medicare and other health insurance programs by administering medically unnecessary spinal injections in exchange for prescriptions of high doses of opioids to patients. read more »

Regulators Racing Toward First Major Rules on Cryptocurrency

NEW YORK TIMES

 After largely standing aside for years as cryptocurrency grew from a digital curiosity into a volatile but widely embraced innovation, federal regulators are racing to address the potential risks for consumers and financial markets. read more »

U.S. 'pink sheets' in shakeup as securities regulator looks to stamp out fraud

REUTERS

As many as 2,000 companies could disappear from the off-exchange "pink sheets," long a favorite of retail investors, when a new rule aimed at stamping out fraud in this notoriously risky enclave of U.S. equities markets comes into effect next week. read more »