Firm Will Pay a Total of $38 Million in Penalties to Settle With Regulators August 10, 2020/US SEC The Securities and Exchange Commission today announced that Interactive Brokers LLC will pay an $11.5 million penalty to settle charges it repeatedly failed to file Suspicious Activity Reports (SARs) for U.S. microcap […]
Frauds & Scandals
AMCON Takes Over Assets Of R.C. Omeaku & Sons Ltd., Safequip Nig. Ltd Over Combined Debt Of Over N800m
August 9, 2020/AMCON Following the order of Honourable Justice O.O Oguntoyinbo of the Federal High Court Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over an asset belonging to Safequip Nigeria Limited over an indebtedness of over N470million. It would be recalled that Justice Agutoyinbo gave the […]
SEC Charges Former Investment Adviser with Insider Trading
August 6, 2020/US SEC The Securities and Exchange Commission today charged Jack Brewer with insider trading in the securities of COPsync, Inc. Brewer sold over $100,000 of COPsync stock in advance of a company announcement that caused the stock price to fall. According to the SEC’s complaint, Brewer, a former […]
