August 30, 2024/US SEC On August 27, 2024, the U.S. District Court for the Southern District of New York entered final judgments against GEL Direct LLC, GEL Direct Trust, Jeffrey K. Galvani, and Stuart A. Jeffery, whom the SEC previously charged for operating as unregistered brokers. According to the SEC’s […]
Author: InvestAdvocate
SEC Obtains Final Judgment Imposing a $39.5 Million Penalty Against Chinese National Charged with Insider Trading
August 30, 2024/US SEC On August 16, 2024, the Securities and Exchange Commission obtained a final judgment against defendant Shaohua (Michael) Yin, including a penalty of $39.5 million paid out of funds frozen in the brokerage accounts that Yin allegedly used to engage in insider trading. The SEC previously charged […]
UBA, TRANSCORP, OANDO Buoy Nigerian Stocks to +0.18% Gain
August 30, 2024/InvestmentOne Report The NGXASI advanced today by 0.18% to close at 96,580.01pts as gains printed in OANDO (+9.94%), TRANSCORP (+7.27%) and UBA (+4.79%) drove the local bourse into the green. In the fixed income space, the Treasury Bills secondary market closed on a bearish note as sell pressures were noticed […]
