During the debarment period, Beza Consulting Engineers PLC and its affiliates and Mr. Gidey Gebrezgabher Gebremariam will be ineligible to participate in Bank Group-financed activities September 1, 2023/AfDB The African Development Bank Group on 29 August 2023, announced the 15-month debarment of Beza Consulting Engineers PLC and Mr. Gidey Gebrezgabher […]
Frauds & Scandals
SEC Charges Citigroup Global Markets Inc. with Recordkeeping Failures concerning Underwriting Expenses
August 29, 2023/US SEC The Securities and Exchange Commission today announced settled cease-and-desist proceedings against broker-dealer Citigroup Global Markets Inc. (CGMI) for willfully violating recordkeeping requirements concerning expenses that the firm incurred in connection with its underwriting business. Recordkeeping requirements of the federal securities laws require broker-dealers to make and […]
SEC Charges Archipelago Trading Services with Failing to File Suspicious Activity Reports
August 29, 2023/US SEC The Securities and Exchange Commission today announced charges against Archipelago Trading Services Inc. (ATSI) for failing to file hundreds of legally required reports of suspicious financial transactions, known as Suspicious Activity Reports (SARs), between August 2012 and September 2020. The charges were related to transactions in […]
