Frauds & Scandals

SEC Seeks Court Order Requiring New-York-Based Company to Comply with Subpoena

October 28, 2024/US SEC The Securities and Exchange Commission announced that it filed a subpoena enforcement action against Fruit Street Health, P.B.C., a company conducting business from New York, New York, for failing to produce documents pursuant to an SEC investigative subpoena. The filed action seeks an order directing Fruit […]

NGX Suspends Oando Shares for Delay in Submission of 2023 Audited Accounts

October 24, 2024/NGX Trading License Holders and the investing public are hereby notified that pursuant to the provisions of Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, (Default Filing Rules), which states that: “If an Issuer fails to file the relevant accounts by the expiration of […]

SEC Charges Four Companies With Misleading Cyber Disclosures

One company, Unisys Corp., also charged with controls violations October 22, 2024/US SEC The Securities and Exchange Commission today charged four current and former public companies – Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast Limited – with making materially misleading disclosures regarding cybersecurity risks and […]