February 20, 2019/SEC As agitations by civil society groups on the fraud cases levelled against the suspended Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, continued to gather momentum, another civil society group, the Concerned Industry Watchers, on Wednesday petitioned President Buhari that he should use his […]
Frauds & Scandals
Company Settles Unregistered ICO Charges After Self-Reporting to SEC
February 20, 2019/US SEC The Securities and Exchange Commission today charged Gladius Network LLC with conducting an unregistered initial coin offering (ICO), which the company self-reported to the SEC. According to the SEC’s order, Gladius conducted an ICO in late 2017, after the Commission had warned in its DAO […]
SEC Proposes to Expand “Test-the-Waters” Modernization Reform to All Issuers
February 19, 2019/US SEC The Securities and Exchange Commission voted to propose an expansion of a popular modernization reform that would permit investor views about potential offerings to be taken into account at an earlier stage in the process than is the case today. The new rule and related amendments would expand […]

