The cease and desist order for United Texas Bank was dated August 29, 2024, and was terminated on September 2, 2026.
The written agreement for Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp. was dated July 5, 2023, and was terminated on September 2, 2026.
By February 2026, the total recoverable assets of the funds were estimated to be less than $17 million.
The total outstanding investments in the two private funds were almost $121 million.
The SEC charged Mark D. Hanf and Hoai-Nam Chu Phan with orchestrating an offering fraud that raised more than $80 million from approximately 190 mostly retail investors.
President Trump signed five Proclamations pursuant to Section 338 of the Tariff Act of 1930 to ban certain products from Canada.
President Trump imposed import bans on certain Canadian alcohol and other products that were subject to the 50 percent tariffs imposed under Section 338 in Proclamation 11046.
President Trump imposed import bans on certain Canadian dairy and other products of Canada that were subject to the 50 percent tariffs imposed under Section 338 in Proclamation 11047.
The Securities and Exchange Commission charged Ernest Ossei Boateng and two New Jersey-based companies he controls for allegedly raising approximately $16 million from more than 200 inexperienced investors through a Ponzi scheme.
Boateng operated the alleged Ponzi scheme from at least January 2020 until at least March 2026.