US Sentences CEO of China Energy Company to 5 Years for Securities Fraud

http://www.laht.com/article.asp?ArticleId=2375156&CategoryId=12396

Posted by Jelvin Tan Xiang Rong, Year 4 undergrad at the School of Accountancy, Singapore Management University

SEATTLE — The Chief Executive Officer of an energy firm headquartered in Tukwila, Washington, was sentenced Friday in U.S. District Court in Seattle to five years in prison, three years of supervised release and a $10,000 fine for two counts of Securities Fraud, announced Acting United States Attorney Annette L. Hayes. Continue reading

Sebi bans company in Rs 1,700cr rigging case

http://timesofindia.indiatimes.com/business/india-business/Sebi-bans-company-in-Rs-1700cr-rigging-case/articleshow/46317826.cms

Posted by LAM Xin Hui, Year 4 undergrad at the School of Accountancy, Singapore Management University

The Times of India

Feb 21, 2015, 12.35AM IST

NEW DELHI: The Securities & Exchange Board of India (Sebi) on Friday banned trading in little-known Kamalakshi Finance, while imposing restrictions on 33 entities, for what it believes was price manipulation of the order of Rs 1,700 crore, making it the 27th company where trading has been suspended. The move is part of Sebi’s efforts to check possible misuse of stock market trades to ramp up prices of shares allotted through preferential allotment. Continue reading