June 15, 2019/US SEC The Securities and Exchange Commission today filed fraud charges in a multi-million dollar healthcare investment scheme impacting dozens of investors. The SEC alleges that, between May 2014 and January 2017, unregistered investment adviser David Wagner of Greenwich, Rhode Island, Mark Lawrence of Watercolor, Florida, Downing Partners, […]
Frauds & Scandals
Industrial and Commercial Bank of China Affiliate to Pay More Than $42 Million for Improper Handling of ADRs
June 15, 2019/SEC The Securities and Exchange Commission today announced that Industrial and Commercial Bank of China Financial Services LLC (ICBCFS), a wholly-owned subsidiary of Industrial and Commercial Bank of China Limited, will pay more than $42 million to settle charges for improper handling of “pre-released” American Depositary Receipts (ADRs). […]
Federal High Court Adjourns Hearing Between Oando’s Group CEO, Deputy & SEC
June 14, 2019/Oando Thursday, June 13, 2019 the Federal High Court of Lagos under presiding Judge C M A Olatoregun the case between Oando PLC’s (referred to as “Oando” or the “Company”) Group Chief Executive, Adewale Tinubu, and Deputy Group Chief Executive, Omamofe Boyo, and the Securities and Exchange Commission […]
