October 24, 2023/US SEC The Securities and Exchange Commission today charged BlackRock Advisors, LLC, an investment adviser, for failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it advised. To settle the charges, BlackRock agreed to pay a $2.5 million […]
Frauds & Scandals
SEC Obtains Emergency Relief To Halt Nearly $130 Million Fraud Targeting Indian American Community
October 16, 2023/US SEC The Securities and Exchange Commission today announced that it obtained a temporary restraining order, asset freeze, and other emergency relief to halt an ongoing fraud targeting the Indian American community that has raised nearly $130 million since April 2021. The fraud is allegedly being conducted by […]
UBA to Launch ‘Fighting Fraud Together’ Campaign to Protect Customers
October 13, 2023/UBA Plc Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to commence a Fraud Awareness Week – an initiative aimed at empowering customers with knowledge and tools to protect them against fraud and financial malpractices in the banking and financial sector. As a bank renowned […]