SEC Charges Three Canadian Citizens in Fraudulent Penny Stock Scheme

SEC

The Securities and Exchange Commission today announced it charged three Canadian citizens with carrying out a fraudulent scheme involving penny stocks which generated tens of millions of dollars in proceeds but left investors with nearly worthless shares of various public companies. read more »

JPMorgan set to pay $200 mln fine over staff communications lapse

REUTERS

JPMorgan Chase & Co (JPM.N) is preparing to pay nearly $200 million to settle U.S. regulatory investigations into lapses over monitoring employee communications, Bloomberg News reported on Friday, citing people familiar with the matter. read more »

Bags of cash: NatWest fined $351 mln over money laundering

REUTERS

NatWest has been fined 265 million pounds ($350.9 million) for failing to prevent the laundering of nearly 400 million pounds, capping the first criminal money laundering case against a British bank. read more »