April 19, 2019/US SEC The Securities and Exchange Commission today announced that Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors. San Francisco-based Prosper is a marketplace lender that, through its website, offers and sells securities linked […]
Frauds & Scandals
Finally, AMCON Takes Over Micmerah International Agency Limited
18/4/2019/AMCON A Federal High Court sitting in Awka, the Anambra State capital in Suits No. FHC/AWK/CS/101/2018 and No. FHC/AWK/CS/102/2018 has ordered the Asset Management Corporation of Nigeria (AMCON) to take over the business and assets of Micmerah International Agency Limited. AMCON had appointed Chief Tagbo Anieto as Receiver/Manager over the […]
SEC Charges Southern California Engineer with Insider Trading
April 19, 2019/US SEC The Securities and Exchange Commission announced the filing of insider trading charges against a former engineer at Skyworks Solutions, Inc., a Massachusetts-based company with executive offices and a design center in Irvine, California that designs, manufactures and sells wireless analog semiconductors. The SEC’s complaint alleges that […]
