March 6, 2019/Zenera Consulting Contrary to some reports in the media, oil company, Aiteo Eastern Exploration and Production Company (AEEPCo) notified the National Oil Spill Detection and Response Agency (NOSDRA) of the fire at its oil well in Nembe, Bayelsa State on March 1, new evidence suggests. On March 2, […]
Frauds & Scandals
BB&T to Return More Than $5 Million to Retail Investors and Pay Penalty Relating to Directed Brokerage Arrangements
March 5, 2019/US SEC The Securities and Exchange Commission today announced that BB&T Securities has agreed to return more than $5 million to retail investors and pay a $500,000 penalty to settle charges that a firm it acquired misled its advisory clients into believing they were receiving full service brokerage […]
SEC Obtains Final Judgment Against Former Broker for Defrauding Customers
March 5, 2019/US SEC On March 1, 2019, a federal district court entered a final consent judgment against a broker who was charged with defrauding customers by making unsuitable and unauthorized trades and churning customers’ accounts that enriched the broker at the customers’ expense. The SEC’s complaint, filed in the […]
