SEC wins verdict in federal court jury case against trading firm Avalon FA Ltd in Ukraine for manipulative “layering” trading schemes

Today, jurors in New York federal court returned a verdict in the Securities and Exchange Commission’s favor against a trading firm headquartered in Kiev, Ukraine, and two individuals for their roles in an unlawful trading scheme that generated more than $25 million in illicit profit. The SEC’s evidence at trial showed that Nathan Fayyer and […]

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