Author: InvestAdvocate

SEC Charges Nine Investment Advisers in Ongoing Sweep into Marketing Rule Violations

Firms made untrue or unsubstantiated claims or lacked required disclosures September 9, 2024/US SEC   The Securities and Exchange Commission today announced settled charges against nine registered investment advisers for violating the Marketing Rule by disseminating advertisements that included untrue or unsubstantiated statements of material fact or testimonials, endorsements, or […]

EBRD, Consortium of Investors Acquire Egypt’s Tamweely Microfinance

Image Credit: Getty Images/EBRD September 9, 2024/EBRD By Nibal Zgheib EBRD takes a minority equity stake in Tamweely Microfinance S.A.E Investment to promote the competitiveness of the private sector Technical assistance package to promote women-led MSMEs The European Bank for Reconstruction and Development (EBRD) is supporting Egypt’s privatisation agenda and boosting […]

Custodian Investment to Acquire 100% Equity Stake in FBNQuest Merchant Bank

September 9, 2024/NGX “In accordance with the Nigerian Exchange Limited (NGX) Rulebook, we hereby notify the Nigerian Exchange Limited (NGX) and the investing public that CUSTODIAN INVESTMENT PLC (the Company) through EverQuest Acquisition LP (comprising Custodian Investment Plc, Aion Investment and Evercorp Industries) has entered into a Share Sale and […]