Frauds & Scandals

SEC Charges Furniture Company and Two Former Executives with Accounting Violations

October 30, 2024/US SEC The Securities and Exchange Commission announced today that it filed charges against Connecticut-based publicly traded furniture retailer The Lovesac Company, Donna Dellomo, CPA, Lovesac’s former CFO, and Yoon Um, CPA, Lovesac’s former controller, for accounting violations in connection with expenses Lovesac incurred shipping its furniture to […]

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 […]