December 29, 2020/US SEC The Securities and Exchange Commission today announced that it filed an emergency action and obtained an order imposing an asset freeze and other emergency relief against Virgil Capital LLC and its affiliated companies in connection with an alleged securities fraud relating to Virgil Capital’s flagship cryptocurrency […]
Frauds & Scandals
SEC Charges Long Island City Man with Trading and Tipping Others as Part of Insider Trading Scheme
December 29, 2020/US SEC On December 22, 2020, the Securities and Exchange Commission charged Jason Peltz of Long Island City, New York with insider trading ahead of a media report about the potential acquisition of chemical manufacturer Ferro Corp. that caused the company’s stock price to climb. Peltz also tipped […]
FHC Upholds Mareva Injunction in Access Bank Case, Bank to Hold Onto SEPLAT’s Assets
December 24, 2020/Proshare by Proshare Research In a judgement given today by Justice R.M. Aikawa of the Federal High Court (FHC) sitting in Lagos in the case between Access Bank Plc vs Seplat Petroleum Development Company and others, the FHC upheld an earlier Mareva injunction by allowing Access Bank to hold onto […]
