May 16, 2023/SEC Nigeria Justice A.R. Mohammed of the Federal High Court, Court 5, Abuja has set July 13, 2023 for the cross examination of the last defence witness Segun Arowolo on allegations against Midland Capital Market Limited and its managing Director Mr. Sam Kwandi bordering on operating as fund […]
Frauds & Scandals
SEC Charges 10 Microcap Companies with Securities Offering Registration Violations
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 […]
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 […]
