August 29, 2022/SEC Nigeria Director General of the Securities and Exchange Commission, Mr. Lamido Yuguda as stated that the Commission will continuously collaborate and engage relevant agencies to eliminate completely all Ponzi schemes operations in the capital market. Yuguda who spoke in Abuja weekend, said the SEC has been fighting […]
Frauds & Scandals
SEC Amends Whistleblower Rules to Incentivize Whistleblower Tips
August 26, 2022/US SEC The Securities and Exchange Commission today adopted two amendments to the rules governing its whistleblower program. The first rule change allows the Commission to pay whistleblowers for their information and assistance in connection with non-SEC actions in additional circumstances. The second rule affirms the Commission’s authority […]
SEC Charges Texas-Based Technology Company and Its CEO with Fraud for False Statements and Misappropriation of Investor Funds
August 25, 2022/US SEC On August 23, 2022, the Securities and Exchange Commission filed charges against Aether Innovative Technology, Inc. (“Aether”), a company that planned to collect, process, and sell cellular transmission data, and its CEO John C. Wilson II (“Wilson”), for allegedly making materially false and misleading statements to […]
