August 27, 2019/SEC On August 23, 2019, the Securities and Exchange Commission charged Marcus Boggs, an investment adviser representative at the Chicago office of a large financial services firm, with stealing more than $1.7 million from at least three of his clients. According to the SEC’s complaint, Boggs, without his […]
Frauds & Scandals
CBN Alerts Public of Fraudulent Loan Offers
August 26, 2019/CBN Beware of Fraudulent Loan Offers The attention of the Central Bank of Nigeria (CBN) has been drawn to fraudulent messages in the social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans provided by the Federal Government through an e-mail address […]
SEC Charges Broker-Dealer and CEO With Supervision Failures Related to Hedge Fund Valuation Scheme
August 21, 2019/US SEC The Securities and Exchange Commission yesterday charged New York-based broker-dealer AOC Securities LLC, and its former chief executive officer, Ronaldo Gonzalez, with failing to supervise an AOC broker who provided inflated price quotes for certain securities to a significant customer of AOC. According to the SEC’s […]
