Author: InvestAdvocate

SEC Charges Three Texans with Defrauding Investors in $91 Million Ponzi Scheme

May 2, 2025/US SEC On April 29, 2025, the Securities and Exchange Commission charged Dallas-Fort Worth residents Kenneth W. Alexander II, Robert D. Welsh, and Caedrynn E. Conner for operating a Ponzi scheme that raised at least $91 million from more than 200 investors. According to the SEC’s complaint, between […]

Oil Markets Enter May on the Back Foot

May 2, 2025/Oilprice.com Tom Kool Editor, Oilprice.com Crude oil futures tumbled over the past week, falling more than 6% as concerns over weakening global demand and a resurgent supply outlook weighed on sentiment. Friday, May 2nd, 2025  China, preparing for a week-long lull in trading activity, has nevertheless given the […]

NGX-ASI Closed Bullish…Up by 23bps

May 2, 2025/United Capital Report Today, the Nigerian Exchange (NGX) closed on a positive note following share price appreciation in MTNN (+2.00%) and PRESCO (+9.55%). As a result, the benchmark All-Share Index (NGX-ASI) rose by 0.23% to close at 106,042.57 points. YTD returns settled at 3.03%, while market capitalization closed […]