Firms agree to pay civil penalties of $60 million combined to settle SEC charges January 17, 2025/US SEC The Securities and Exchange Commission today announced settled charges against registered investment advisers Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively Wells Fargo Advisors) and against Merrill […]
Author: InvestAdvocate
IOSCO Issues Statement of Support on the IESBA’s International Ethics Standards for Sustainability Assurance
January 17, 2025/IOSCO The Board of IOSCO congratulates the International Ethics Standards Board for Accountants (IESBA) on achieving an important milestone of finalizing their International Ethics Standards for Sustainability Assurance (including International Independence Standards) (IESSA) and Other Revisions to the Code Relating to Sustainability Assurance and Reporting. IOSCO notes the […]
GTCO’s Capital Raise Shock Raise Questions about Leadership, Strategy
January 17, 2025 By InvestAdvocate In a stark contrast to its storied dominance in Nigeria’s financial landscape, Guaranty Trust Holding Company (GTCO) has suffered a stinging blow, reporting a 48% under-subscription in its recent capital raise exercise. The institution, once celebrated as a market leader, aimed to secure ₦400.5 billion […]
