May 16, 2023/US SEC The Securities and Exchange Commission today announced charges against 10 microcap companies for offering and selling securities in unregistered offerings that failed to comply with Regulation A, which provides a limited exemption from registration under the Securities Act to allow companies to raise money from the […]
Frauds & Scandals
SEC Charges Red Rock Secured, Three Executives in Fraud Scheme Targeting Retirement Accounts
May 15, 2023/US SEC The Securities and Exchange Commission today announced charges against El Segundo, California-based Red Rock Secured LLC, its CEO, Sean Kelly, and two of its former Senior Account Executives, Anthony Spencer and Jeffrey Ward, in connection with a fraudulent scheme that involved convincing hundreds of investors to […]
Industry Must Help Build Trust in E-commerce if Nigeria Is to Enjoy Meaningful Growth
According to a 2021 fraud report from the NIBSS, the incidents of overall fraud attempts in Nigeria between 2019 to 2020 increased by 187% May 15, 2023/DPO Fear of fraud is hindering the uptake of e-commerce in Nigeria, slowing the growth of business and entrepreneurship in the country. Some industry […]
