May 10, 2023/SEC Nigeria The Securities and Exchange Commission has said that the capital market, which is considered the catalyst for economic growth, must be sustained by an effective and efficient dispute resolution mechanism by adjudicators who are subject matter experts to engender investors’ confidence.Yuguda stated this during a one […]
Frauds & Scandals
SEC Charges Tennessee Resident and Company with Selling Fraudulent Promissory Notes
May 10, 2023/US SEC The Securities and Exchange Commission today charged Brentwood, Tennessee resident Clayton R. Thomas and the now defunct entity he controlled, Personalized Healthcare Solution, LLC, with selling fraudulent promissory notes and misappropriating investor funds. The SEC’s complaint, filed in the United States District Court for the Middle […]
SEC Charges Investment Adviser and Fund Trustees with Liquidity Rule Violations
May 9, 2023/US SEC The Securities and Exchange Commission on Friday, May 5, 2023, charged investment adviser Pinnacle Advisors LLC for aiding and abetting Liquidity Rule violations by a mutual fund it advised and whose Liquidity Risk Management Program it administered. The SEC also charged the fund’s two independent trustees, […]
