A U.S. Treasury Department watchdog tried to examine whether JPMorgan Chase & Co (JPM.N) interfered with a regulatory probe into its relationship with convicted felon Bernard Madoff but the largest U.S. bank was able to nip the inquiry in the bud, a government official said on Monday. The U.S. Treasury […]
Frauds & Scandals
Nasdaq fails to win dismissal of Facebook IPO lawsuit
A federal judge has rejected Nasdaq OMX Group Inc’s bid to dismiss lawsuits by investors who accused the exchange operator of botching Facebook Inc’s $16 billion initial public offering, a decision released on Monday shows. Nasdaq had argued that its status as a self-regulatory organization (SRO) gave it immunity from […]
NCC threaten N500m sanction against MTN, others
….As Reps seeks probe of telecom operators By Kelechi Mgboji The Nigerian Communications Commission (NCC) has issued December 31, 2013 deadline to MTN and other telecommunication service providers to improve on the quality of service or face drastic sanctions worse than those of May 2012 where the Commission slammed N1.2 […]
