Frauds & Scandals

SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity

February 26, 2021/US SEC As part of its continuing effort to respond to potential attempts to exploit investors during the recent market volatility, the Securities and Exchange Commission today suspended trading in the securities of 15 companies because of questionable trading and social media activity. Today’s action follows the recent […]

OANDO and SEC Legal Battle Continues as OANDO Appeals Court Ruling

February 26, 2021/Proshare On Thursday, February 25, 2021 in a ruling presided over by Justice Giwa Ogunbanjo at the Federal High Court, Abuja, the judge declined jurisdiction to hear suits brought by Oando PLC and its directors against the Securities and Exchange Commission (SEC). The judge stated that the Investment […]

SEC Issues Whistleblower Awards Totaling Over $1.7 Million

February 25, 2021/US SEC The Securities and Exchange Commission today announced awards totaling more than $1.7 million to two whistleblowers in separate proceedings.  Both whistleblowers provided Forms TCR to the Commission within 30 days of their first learning of the Form TCR filing requirement as set forth in new Securities […]