November 10, 2021/BudgIT BudgIT Foundation, a foremost civic-tech organisation, leading the advocacy for fiscal transparency and accountability in Nigeria and three other African countries, has called on the National Bureau of Statistics (NBS) to publish data on FAAC disbursements in Nigeria between March-August 2021 on the bureau’s official website. This […]
Frauds & Scandals
SEC Brings Charges in Manipulative Free-Trading Penny Stock Scheme
November 9, 2021/US SEC The Securities and Exchange Commission today charged four individuals and their companies, including a securities fraud recidivist, with scheming to issue free-trading shares of two penny stock companies through the use of bogus documents in court proceedings and backdated promissory notes. The SEC’s complaint names as […]
Court Orders Asset Freeze and Other Preliminary Relief Against Recidivist and Barred Investment Adviser and His Firm
November 8, 2021/US SEC The Securities and Exchange Commission announced that on November 8, 2021, it obtained an asset freeze and other preliminary injunctive relief against Swapnil J. Rege and his company SwapStar Capital, LLC. The preliminary injunction and order freezing assets restrains defendants Rege and SwapStar from violating the […]
