December 21, 2018/US SEC The Securities and Exchange Commission today instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising. The proceedings are the SEC’s first enforcement actions against robo-advisers, which provide automated, software-based portfolio management services. An SEC order found that Redwood […]
Frauds & Scandals
Ecobank Transnational Incorporated responds to Wrongful Allegations in some Media Publications
December 19, 2018/Ecobank The attention of the ETI Group has been drawn to recent publications in some online media alleging overstatement of ETI’s balance sheet and income statements emanating from incorrect exchange rates in translating the financial statements of our affiliate entities, especially Nigeria. We want to use this medium […]
SEC Charges Additional 13 Unregistered Brokers Who Sold Woodbridge Securities to Retail Investors
December 19, 2018/US SEC The Securities and Exchange Commission today announced charges against an additional 13 individuals and 10 companies for unlawfully selling securities of Woodbridge Group of Companies LLC to retail investors. Woodbridge collapsed into bankruptcy in December 2017 and the SEC previously charged the company, its owner and […]
