Case is SEC’s First Involving Regulation Crowdfunding September 20, 2021/US SEC The Securities and Exchange Commission today charged three individuals and one issuer with conducting a fraudulent scheme to sell nearly $2 million of unregistered securities through two crowdfunding offerings. The SEC also charged the registered funding portal and its […]
Frauds & Scandals
AbokiFX Suspends Currency Rate Updates; Aftermath of CBN Crackdown
Credit: The Will AbokiFX, the website that quotes daily foreign exchange rates against the naira, has announced the interim suspension of the updates on its platform following serious allegations of currency manipulation, speculation and illegal dealings in forex leveled against it by the Central Bank of Nigeria, CBN. Godwin Emefiele, […]
SEC Charges Former Pharmaceutical Global IT Manager in $8 Million Insider Trading Scheme
September 17, 2021/US SEC The Securities and Exchange Commission today announced insider trading charges against Dayakar R. Mallu, of Orlando, Florida, who generated gains and avoided losses totaling over $8 million by trading in the securities of his former employer, Mylan N.V., ahead of four public announcements between Oct. 3, […]
