August 29, 2023/SEC Nigeria In a renewed onslaught against promoters of Ponzi schemes, the Securities and Exchange Commission (SEC), on Tuesday, sealed the premises of Stockmatch Investments Ltd in Maiduguri, Borno State for allegedly engaging in illegal investment activities. According to the commission, the office of the company in Wulari Plaza […]
Frauds & Scandals
SEC Charges LA-Based Media and Entertainment Co. Impact Theory for Unregistered Offering of NFTs
August 28, 2023/US SEC The Securities and Exchange Commission today charged Impact Theory, LLC, a media and entertainment company headquartered in Los Angeles, with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs). Impact Theory raised approximately $30 million from hundreds of investors, […]
SEC Awards Whistleblower More Than $18 Million
August 25, 2023/US SEC The Securities and Exchange Commission today announced an award of more than $18 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. After initially reporting misconduct internally, the whistleblower submitted information to the Commission that prompted the opening of an […]
