Firm’s confidential agreements impeded clients from communicating with the SEC January 16, 2024/US SEC The Securities and Exchange Commission today announced settled charges against J.P. Morgan Securities LLC (JPMS) for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed to […]
Frauds & Scandals
SEC Charges Morgan Stanley and Former Executive Pawan Passi with Fraud in Block Trading Business
Firm agrees to pay more than $249 million to settle fraud charges and for failing to enforce information barriers January 12, 2024/US SEC The Securities and Exchange Commission today charged investment banking giant Morgan Stanley & Co. LLC and the former head of its equity syndicate desk, Pawan Passi, with […]
Zenith Bank Says Report on GMD’s Arrest by EFCC False
January 11, 2024/NGX We have become aware of inaccurate reports circulating on social media and certain news outlets alleging that Dr. Ebenezer Onyeagwu, the Group Managing Director/Chief Executive Officer of Zenith Bank Plc, was arrested and held by the EFCC on January 9, 2024, in connection with an alleged fraud at […]
