Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • Deutsche Börse appoints Barbara Roth as Head of Group Audit forex news
  • HK watchdog bans former StanChart relationship manager forex news
  • Saxo Bank OpenAPI to introduce Extended Asset Types forex news
  • ICE introduces its fixed income quotation transparency service forex news
  • Euroclear updates on Euro settlement forex news
  • Nadex bans trader for failure to respond to requests for info forex news
  • iSignthis UK gets FCA AEMI license approval forex news
  • ASIC monitors platforms in order to disrupt illegal market manipulation forex news

SEC warns ex-Goldman analyst accused of insider trading violates Court orders

Posted on 2021-10-13 By admin No Comments on SEC warns ex-Goldman analyst accused of insider trading violates Court orders

About a fortnight after the United States Securities and Exchange Commission (SEC) brought insider trading charges against former Goldman compliance analyst Jose Luis Casero Sanchez, the regulator has warned the Court that the defendants in this case are dissipating assets in violation of Court orders.

Let’s recall that the lawsuit was launched on September 29, 2021. The SEC charged Sanchez, a Spanish national and former Senior Compliance Analyst who worked in the Warsaw, Poland office of Goldman, with insider trading in advance of at least 45 corporate events involving the investment bank’s clients. The SEC has obtained an emergency court order to freeze Sanchez’s assets, including certain accounts he used to place the illicit trades.

To avoid detection, Sanchez allegedly traded in multiple U.S.-based brokerage accounts held in the name of one of his parents—Jose Luis Casero Abellan and Maria Isabel Sanchez Gonzalez.

On October 12, 2021, the SEC filed a letter in the New York Southern District Court stating that the defendants are trying to liquidate and withdraw certain assets in violation of the Court’s Order.

On September 29, 2021, the Commission informed Schwab, Tastyworks, and Bitstamp that the Court had ordered any assets of the defendants to be frozen. The next day, September 30, one or more of the Defendants accessed accounts at each of those entities and attempted—in some instances, successfully—to liquidate existing positions and withdraw funds subject to the Court’s asset freeze.

In particular, on September 30, between approximately 9:12 a.m. and 11:30 a.m. ET, the Schwab brokerage account, held in Abellan’s name, was accessed, all existing positions in that account were liquidated to cash, cash withdrawal requests were initiated, and approximately $746 was withdrawn before Schwab froze the remaining assets.

Also on September 30, between approximately 9:42 a.m. and 10:07 a.m. ET, the Tastyworks brokerage account, held in Gonzalez’s name, was accessed and requests to liquidate certain existing positions in that account were initiated. However, Tastyworks prevented the trades from being executed.

That same day, at approximately 1:33 p.m. ET, the Bitstamp digital asset account, owned by Sanchez, was accessed and all existing positions in that account were liquidated to cash. The next day, October 1, all cash was withdrawn from the Bitstamp account.

The SEC warns that this recent activity in these accounts, beginning the morning after the Court’s Order freezing assets in those accounts, is evidence probative of the defendants’ knowledge of this action and their attempts to circumvent the Court’s Order.

According to the regulator, the defendants are in default of the Order. The defendants have also failed to respond to any of the Commission’s expedited discovery requests seeking additional evidence for the purposes of the preliminary injunction hearing.

And, defendants’ recent activity attempting to liquidate and dissipate or divert the assets in their frozen accounts strongly supports the continuing need for the asset freeze in order to maintain the status quo pending resolution of this case, the SEC says.

In the alternative, the Commission requests that the Court hold any hearing on the Commission’s application for a preliminary injunction telephonically.

forex news Tags:forex-news

Post navigation

Previous Post: European authorities take down fraudulent binary options network
Next Post: StanChart partners with Atome Financial on mobile-first fin services in Asia

Related Posts

  • IG Prime partners with Centroid Solutions for broker liquidity forex news
  • CQG adds Brazilian exchange B3 to network of exchanges forex news
  • eToro Revenues hit $291 million in Q2-2021, up 8% QoQ forex news
  • ICE Benchmark Administration launches USD SOFR ICE Swap Rate forex news
  • Afterpay updates on Square deal forex news
  • Broadway strengthens leadership team with key promotions forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • Interactive Brokers registers 32% Y/Y drop in DARTs in Feb 2022 forex news
  • CFTC, former HSBC exec secure additional time for depositions forex news
  • Citi ordered to produce material related to DOJ FX spot market investigation forex news
  • Cboe pledges new trading floor will open in summer of 2022 forex news
  • Beware! vonway is an offshore broker! Your investment may be at risk. forex news
  • AMF study reveals rise in number of retail investors forex news
  • Citadel Securities seeks to nix “short squeeze” conspiracy allegations forex news
  • Leader of $30M crypto scam pleads guilty to fraud forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme