This short video explains the role of the expert witness, practically speaking. A lawsuit is not as simple as a day in court. there are many steps beforehand. The expert witness brings his valuable experience all along the case, by explaining facts and language,...
There are several whistleblowing programs in the United States, which all encourage and protect insiders to report fraud, waste and crime. The SEC's whistleblower program is probably the most famous, as it has brought numerous and sometimes very large compensations to...
This short video explains what is an expert witness, and why Navesink International, with 25 years of industry experience, has a unique proposition for the securities industry. Expert witnesses act as reference professionals in a court of law. They explain the facts...
With the deluge of national events and political news in this beginning of 2021, this piece of legislation is going under the radar, but it deserves attention. Hidden in the defense bill initially vetoed by President Trump and overridden by Congress, is the Corporate...
One of the main perpetrators for the Cum/Ex fraud, the biggest white collar crime in history, has been charged by the Danish tax authorities. He had defrauded Danish tax authorities by an estimated $1.6 bn and is currently living in self-exile in Dubai. The Cum/Ex...
Corruption has a new enforcement agency. The CFTC announced in March 2019 that it would start enforcing the FCPA, and it effectively delivered with a $95m enforcement against Vitol, the Swiss energy firm, for bribes paid in Brazil, Ecuador and Mexico. "The misuse of...
More about Robinhood and its history of regulatory problems... Massachusetts' Enforcement Division filed a complaint about the firm's aggressive growth tactics, its repeated outages and disruptions, which were well known and ignored while pushing growth, its...
Robinhood has just been fined $65m for overcharging its customers, despite trades being free of charge - the company sells its order flow, and the net result is that traders are overcharged $35m/y. The firm also mislead its clients in its advertising. But in the back...
Oh, so faking up an initial spread to start a market isn't allowed? Let me put this one out, it's not rare... CFTC fines TFS-ICAP and its managers $7m for fake FX option markets. Interestingly enough, the action comes from a whistleblower (who will be entitled 10-30%...
Nope, portfolio managers shouldn't keep the best trades for themselves (at the expense of other investors). BlueCrest moved its best traders into a management-owned fund, and used AI to replicate their trades in the main fund. Unfortunately, the replication was poor,...
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