Culled—Proshare December 28, 2018 By Simon Echewofun Sunday of Daily Post The Managing Director of Niger Delta Power Holding Company (NDPHC), Mr Chiedu Ugbo, says the Assets Management Corporation of Nigeria (AMCON) has taken over Egbema and Omoku power plant projects from Rockson Engineering Limited over delays in completing them. […]
Frauds & Scandals
FINRA Fines Morgan Stanley $10m For AML Program And Supervisory Failures
Culled—Proshare December 27, 2018 By FINRA FINRA announced today that it has fined Morgan Stanley Smith Barney LLC $10 million for anti-money laundering (AML) program and supervisory failures that spanned a period of more than five years. FINRA found that Morgan Stanley’s AML program failed to meet the requirements of […]
JPMorgan to Pay More than $135 Million for Improper Handling of ADRs
December 26, 2018/US SEC The Securities and Exchange Commission today announced that JPMorgan Chase Bank N.A. will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign company – require a corresponding number […]
