May 12, 2023/US SEC The Securities and Exchange Commission has obtained a final judgment against a head trader at “EmpiresX,” which the agency charged with a fake trading scheme. According to the SEC’s complaint, filed June 30, 2022, Joshua David Nicholas was the head trader of a purported hedge fund […]
Frauds & Scandals
Seplat takes immediate steps to counter Interim Court Orders against its Officers
May 11, 2023/Seplat Energy Plc Seplat Energy is aware of certain media publications that the Federal High Court, per Hon. Justice I. E. Ekwo, sitting in Abuja in suit number FHC/ABJ/CS/626/2023 – Juliet Gbaka & 2 others v. Seplat Energy Plc & 13 others granted ex parte Interim Orders against […]
SEC Charges HSBC and Scotia Capital with Widespread Recordkeeping Failures
Firms admit to wrongdoing and agree to pay penalties in SEC’s ongoing recordkeeping initiative May 11, 2023/US SEC The Securities and Exchange Commission today charged HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc. for widespread and longstanding failures by both firms and their employees to maintain and preserve electronic […]
