Archive for April 1st, 2015

British Columbia Bans U.S. Resident From Securities Market, Says She Was Pushing Fraud Schemes For Commissions

British Columbia Bans U.S. Resident From Securities Market, Says She Was Pushing Fraud Schemes For Commissions

The British Columbia Securities Commission, which regulates securities in the Canadian province, has banned a U.S. resident who allegedly promoted a series of schemes on commission. “Sharon Downing has admitted that she engaged in an illegal distribution of securities,” BCSC said. Downing, according to BCSC, promoted schemes for Thomas Arthur Williams and six entities engaged […]

SEC Declines Comment On ‘IntellaShares’ And Its Purported ‘BLACKLIST’; Ponzi-Board ‘Program’ Trades On Name Of Save The Children

SEC Declines Comment On 'IntellaShares' And Its Purported 'BLACKLIST'; Ponzi-Board 'Program' Trades On Name Of Save The Children

UPDATED 11:31 A.M. EDT U.S.A. In 2010, the Federal Trade Commission took action against an online venture known as iWorks. This allegation appeared on Page 7 of the FTC’s Dec. 21, 2010 complaint: “They have also attempted to drive down their chargeback rates by threatening to report consumers who seek chargebacks to an Internet consumer […]