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 […]
Frauds & Scandals
Managing Director Brentonwoods Limited, Samuel Adebanjo Docked for N58 Million Fraud-SEC
March 3, 2019/SEC The Managing Director of Brentonwoods Limited, Mr. Samuel Adebanjo and his company have been charged before Honourable Justice M.s. Hassan of the Federal High Court 12, Ikoyi Lagos on a two count charge of fraud relating to illegal sale of shares of a client. When the case […]
SEC Halts South Florida Alternative Investments Scheme Targeting Retail Investors
The Securities and Exchange Commission today announced fraud charges and an asset freeze against the operators of a South Florida-based investment fund scheme, one of whom has a prior felony conviction and is on parole after nearly 20 years in prison. The SEC filed an emergency action in federal district court against […]
