30 July 2010  Banking giant Citigroup has agreed to pay $75m (£48m) to settle civil charges that it misled investors over potential losses from high-risk mortgages.It agreed the settlement with US financial watchdog the Securities and Exchange Commission (SEC).  The SEC said Citigroup had repeatedly made misleading […]
Author: InvestAdvocate
CBN partner Security Commission on single registrar
By Stanley Oronsaye July 30, 2010 01:46AM  The Central Bank of Nigeria (CBN) has said it is working with the Securities and Exchange Commission (SEC) towards creating a single registrar for all securities in the capital market.Samuel Oni, CBN Director for Banking Supervision, who stated this at a […]
SEC says Afribank, executives manipulated 2007 public offer
FRIDAY, 30 JULY 2010 01:19  The Securities and Exchange Commission (SEC) yesterday accused Afribank and its senior executives of manipulating the bank’s December 2007 public offer in an elaborate scheme that was deliberately designed to buy back its shares deceive the market.  In doing this, SEC said […]
