September 16, 2021/US SEC The Securities and Exchange Commission today announced that, on August 30, 2021, the U.S. District Court for the District of Minnesota granted the agency’s motion for the appointment of a receiver in its ongoing litigation against Jason Dodd Bullard, Angela-Romero Bullard, and Bullard Enterprises LLC. The […]
Frauds & Scandals
SEC Surpasses $1 Billion in Awards to Whistleblowers with Two Awards Totaling $114 Million
September 15, 2021/US SEC The Securities and Exchange Commission today announced awards of approximately $110 million and $4 million to two whistleblowers whose information and assistance led to successful SEC and related actions. With these awards, the SEC’s whistleblower program has now paid more than $1 billion in awards to […]
CBN to Suspend Operating License of Banks Found Culpable in FX Malpractices for One Year
September 14, 2021/CBN In line with our continuing close surveillance of our financial markets in general and the FX market in particular, the CBN wishes to remind all banks that it is their responsibility to not only Know their Customers (KYC requirements) but also Know their customers’ business (KYCB requirements). […]
