Author: InvestAdvocate

UsPlus Raises ZAR 80 Million from Its Inaugural Listed Bond Issuance

This is the fourth investment into UsPlus arranged by Verdant from international development finance institutions and impact investors August 30, 2024/Verdant Capital Verdant has raised ZAR 40 million for Us Plus Limited (“UsPlus”) as a senior unsecured note through UsPlus’ JSE-listed social bond. The investment comes from an Africa-focused fund […]

SEC Charges Investment Adviser with Making Misrepresentations in Form Filed with the Agency

August 30, 2024/US SEC The Securities and Exchange Commission today announced charges against purported investment adviser Wisdom Capital Management Group Ltd. (“Wisdom”) for making material misrepresentations and unsubstantiated statements in a form filed with the SEC regarding Wisdom’s organization, office location, assets under management, and clients. The SEC’s complaint, filed […]

SEC Charges Brothers Jonathan and Tanner Adam with $60 Million Ponzi Scheme and Obtains Emergency Relief

August 30, 2024/US SEC The Securities and Exchange Commission announced that it obtained an emergency asset freeze against Jonathan Adam and Tanner Adam, and their two respective entities GCZ Global LLC and Triten Financial Group LLC, to halt a $60 million Ponzi scheme impacting more than 80 investors across the […]