The Work-From-Home Trader Who Shook Global Markets

BLOOMBERG

A new book reveals fresh details about the man authorities blamed for the Flash Crash that erased $1 trillion of value in a matter of minutes. read more »

U.S. federal court tells SEC, Justice Dept to review RBS whistleblower case

REUTERS

The U.S. Justice Department and Securities and Exchange Commission must review whether an ex-Royal Bank of Scotland employee is owed a whistleblower payout and provide documents relating to his case, a federal U.S. court said on Tuesday.

The U.S. Second Circuit Appeals Court decision could set an important precedent for other whistleblowers who say they have been unjustly denied bounties under the SEC’s program to reward tipsters. read more »

SEC Obtains Receiver Over Florida Investment Adviser Charged With Fraud

SEC

The Securities and Exchange Commission today announced that it has obtained the appointment of a receiver over Florida-based investment adviser TCA Fund Management Group Corp., its affiliate TCA Global Credit Fund GP Ltd. (TCA-GP), and several funds managed by TCA to protect investors from a fraudulent scheme allegedly conducted by TCA

TCA allegedly distributed promotional materials to current and prospective investors that included the inflated asset values and false performance results.  According to the complaint, the funds’ reported net asset value of $516 million as of November 2019 was inflated by at least $130 million.  TCA and TCA-GP also allegedly distributed monthly account statements to investors falsely representing monthly returns and investment balances based on the inflated asset values. read more »