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SEC Obtains Final Judgment Ordering Pyramid Scheme Promoter to Pay Over $1 Million
August 14, 2018/US SEC A promoter of a pyramid scheme targeting Latino communities has agreed to transfer assets valued at over $1 million in a related bankruptcy proceeding and admit… Read more
SEC Files Charges in Municipal Bond “Flipping” and Kickback Schemes
August 14, 2018/US SEC The Securities and Exchange Commission today charged two firms and 18 individuals in a scheme to improperly divert new issue municipal bonds to broker-dealers at the expense… Read more
Acting President Orders Immediate Overhaul of SARS
*Directs investigation on alleged violations of the squad August 14, 2018/State House Following persistent complaints and reports on the activities of the Special Anti-Robbery Squad (SARS) that border on allegations… Read more
SEC Charges Unregistered Sales Agent for Improperly Soliciting Investments in Oil and Gas Ventures
13/8/2018/US SEC On August 13, 2018, the Securities and Exchange Commission filed a civil injunctive action against Chad Anthony Lewis, a Kentucky resident for unlawfully acting as an unregistered broker… Read more
Private Sector Participation in Fighting Corruption Crucial-Ag President Says
**Adds – Fighting corruption not just government business alone “I want to say to those of you in the private sector, this issue of fighting corruption and rent-seeking is existential… Read more
Re: False Claims Stemming from Video Post
Lagos, August 10, 2018: Our attention has been drawn to a social media video featuring an assault on two people at a Fidelity Bank branch in Lagos. The two individuals… Read more
SEC Charges Fixed Income Trader with Entering Fictitious Sales to Avoid Brokerage Firm’s Inventory Limits
August 8, 2018/US SEC On August 6, 2018, the Securities and Exchange Commission charged Salvadore D. Palermo, a trader formerly employed by J.P. Turner & Company, L.L.C., with entering fictitious… Read more
SEC Charges U.S. Congressman and Others With Insider Trading
August 8, 2018/US SEC The Securities and Exchange Commission today announced the filing of insider trading charges against Congressman Christopher Collins, the U.S. Representative for New York’s 27th Congressional District,… Read more
Staco Fires Sakiru Oyefeso as CEO, Appoints Bayo Fakorede
August 8, 2018/NSE We wish to notify The Exchange, our shareholders and our esteemed stakeholders that the Board of Directors of Staco Insurance Plc (the Company) at its meeting… Read more
SEC Obtains Final Judgments Against City of Victorville, California and Others in Municipal Bond Fraud
August 8, 2018/US SEC The U.S. Securities and Exchange Commission has obtained a final judgment against the City of Victorville, California in connection with a $13 million “tax increment” bond… Read more
