December 9, 2019/US SEC The Securities and Exchange Commission announced today settlements with former U.S. Rep. Christopher Collins, his son Cameron Collins, and Stephen Zarsky, all of whom were charged with insider trading and pleaded guilty to related criminal charges. The settlements, which are subject to court approval, bar Christopher […]
Frauds & Scandals
AMCON Takes Over Olajide Omokore’s Cedar Oil & Gas Limited Over ₦29billion Debt
December 9, 2019/AMCON Hon. Justice C.J. Aneke of the Federal High Court Lagos Division has granted an injunction against Cedar Oil & Gas Exploration and Production Limited on the application of Asset Management Corporation of Nigeria (AMCON). The order therefore mandates AMCON to take over the assets of the firms […]
SEC Obtains Touting and Fraud Judgment Against Colorado Cannabis Stock
December 9, 2019/US SEC A Colorado stock promoter and two of his companies agreed to pay $4.2 million to settle the U.S. Securities and Exchange Commission’s charges for fraudulently promoting and trading a cannabis stock. On Dec. 5, 2019, the U.S. District Court for the District of Colorado entered the final judgment. The SEC’s complaint alleged […]
