August 16, 2021/US SEC The Securities and Exchange Commission today announced it charged an issuer, its CEO, and six other entities and individuals with participating in a penny stock fraud scheme. The SEC also charged certain of the participants with operating as unregistered dealers, and obtained emergency relief to halt […]
Frauds & Scandals
SEC Charges Pearson plc for Misleading Investors About Cyber Breach
August 16, 2021/US SEC The Securities and Exchange Commission today announced that Pearson plc, a London-based public company that provides educational publishing and other services to schools and universities, agreed to pay $1 million to settle charges that it misled investors about a 2018 cyber intrusion involving the theft of […]
Be Wary Of Unscrupulous Schemes That Promise Unrealistic Returns, SEC Warns Nigerians
August 15, 2021/SEC Nigeria The Securities and Exchange Commission has warned Nigerians against investing in Ponzi schemes, adding that any investment schemes that promise unrealistic returns should be treated with caution.The Director-General of SEC, Lamido Yuguda, gave the warning while addressing Journalists shortly after the Second Capital Market Committee meeting.Ponzi […]
