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 […]
Frauds & Scandals
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 […]
SEC Charges Future FinTech CEO Shanchun Huang With Fraud and Disclosure Failures
January 11, 2024/US SEC The Securities and Exchange Commission today charged Shanchun Huang with manipulative trading in the stock of Future FinTech Group Inc., using an offshore account shortly before he became Future FinTech’s CEO in 2020. The SEC also charged Huang with failing to disclose his beneficial ownership of […]