November 3, 2022/SEC Nigeria The Securities and Exchange Commission has said that it is ready to collaborate with relevant stakeholders in its drive to ensure that illegal fund managers are not allowed to thrive in the country.Deputy Director and Head External Relations Department of the SEC, Mr. Mohammed Bagudu Waziri […]
Frauds & Scandals
SEC Awards More Than $10 Million to Whistleblower
October 31, 2022/US SEC The Securities and Exchange Commission today announced an award of more than $10 million to a whistleblower who provided information and assistance that significantly contributed to a successful SEC enforcement action. The whistleblower provided important documents and met twice with Enforcement staff. The charges in the […]
SEC Charges Incarcerated Felon and Five Friends in $2 Million Fraud Scheme
October 31, 2022/US SEC The Securities and Exchange Commission today charged six individuals, including a federal inmate, for conducting a freeriding scheme that defrauded multiple broker-dealers. The SEC’s complaint alleges that from May 2019 to early January 2021, Syed Arham Arbab, 25, and five others made more than $2 million […]
