April 19, 2019/US SEC On April 18, 2019, the Securities and Exchange Commission charged Kimberly Sredich, a Michigan resident, with misappropriating funds from brokerage customers of a registered broker-dealer with which she was associated. The SEC’s complaint alleges that between 2014 and 2018, Sredich sold securities in at least […]
Frauds & Scandals
Silicon Valley Company Settles Fraud Charge for Misstating Returns to Investors
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 […]
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 […]
