Perks Were Four Times Higher Than Disclosed June 4, 2020/US SEC The Securities and Exchange Commission today announced settled charges against Bermuda-based insurance company Argo Group International Holdings, Ltd. for failing to fully disclose perquisites and benefits provided to its former chief executive officer. The SEC’s order finds that in […]
Frauds & Scandals
Open Treasury: Laudable Step, Marred by Payments to Personal Accounts, Other Irregularities
June 4, 2020/BudgIT On the 9th of December, 2019, the Federal Government launched the Open Treasury Portal for the purpose of increasing transparency in government spending. The portal aims to provide a comprehensive space for the collation of data by all ministries, departments and agencies (MDAs) on budget implementation, financial […]
SEC Charges South Florida Investment Adviser and Its President with Books and Records and Registration Failures
June 3, 2020/US SEC The Securities and Exchange Commission today announced charges against Miami, Florida-based E*Hedge Securities, Inc. and its President, Devon W. Parks, for failing to provide required books and records during a Commission examination and for improperly registering with the Commission as an Internet investment adviser. According to […]
