February 19, 2019/SEC The Securities and Exchange Commission, SEC, has sealed off the premises of Growing Circle in Lagos for engaging in illegal fund management activities. According to the Commission, the company was shut down for carrying out investment operations that falls within fund management without registration with the apex regulator. The […]
Frauds & Scandals
Alleged N115m Fraud: Gwarzo Must Not Go Free- CACOL
February 19, 2019/CACOL The Centre for Anti-Corruption and Open Leadership, CACOL has urged the new ICPC Boss to ensure that the weighty allegations against suspended Director General of the Securities and Exchange Commission, SEC, Mounir Gwarzo are not swept under the carpet, but rather be made to face the consequences […]
Settlement Concluded with Broker in Case Alleging Public Offering Allocation Fraudulent Practices
February 16, 2019/US SEC On February 13, 2019, the U.S. District Court for the District of New Jersey entered a final judgment against defendant Brian Hirsch, who was charged by the SEC in connection with public offering allocation practices at two large brokerage firms. The SEC’s complaint, filed in December […]
