September 18, 2019/US SEC The Securities and Exchange Commission today announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against three individuals and three entities in connection with an alleged fraudulent, ongoing international trading program that has placed at risk more than $125 million […]
Frauds & Scandals
Raymond James Agrees to Pay $15 Million for Improperly Charging Retail Investors
September 17, 2019/SEC The Securities and Exchange Commission today instituted a settled order against three Raymond James entities for improperly charging advisory fees on inactive retail client accounts and charging excess commissions for brokerage customer investments in certain unit investment trusts (UITs). The SEC order finds that Raymond James & […]
FG Sets Up Inter-Agency Task Force on N5Trn AMCON Debt Recovery
September 17, 2019 The Federal Government has taken another determined step in its bid to recover over N5 Trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), with the formal inauguration of an inter-agency Committee to speedily resolve the challenges in recovering the debts. Vice President Yemi […]
