Largest Penalty Ever Imposed by SEC Against an Audit Firm June 28, 2022/US SEC The Securities and Exchange Commission today charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) licenses, and for withholding evidence of this […]
Frauds & Scandals
SEC Charges Canadian Public Company and Its CEO in Fraudulent Microcap Scheme
June 22, 2022/US SEC The Securities and Exchange Commission charged Canadian citizen Bradley Moynes and Canadian corporation Digatrade Financial Corp. for engaging in a deceptive scheme involving microcap companies that generated more than $1.5 million in unlawful stock sale proceeds at the expense of unsuspecting retail investors. The SEC’s complaint […]
Oando Announces Outcome of Court Ruling on Petition Filed by Minority Shareholders
June 22, 2022/NGX Oando PLC (referred to as “Oando” or the “Company”), Nigeria’s leading indigenous energy group listed on both Nigerian Exchange Limited and Johannesburg Stock Exchange, today announced the outcome of a court ruling following a petition filed on 25th March 2021 at the Federal High Court, Lagos by […]
