September 25, 2018/US SEC The Securities and Exchange Commission today announced that SG Americas Securities LLC will pay more than $800,000 to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs), predominantly by its predecessor entity. In its order against SG Americas, a registered broker-dealer and subsidiary of […]
Frauds & Scandals
SEC Charges Ohio Broker with Defrauding Senior Customers
September 25, 2018/US SEC The Securities and Exchange Commission today charged a former Dayton, Ohio registered representative with defrauding his retail brokerage customers out of over $1 million in a long-running scheme. According to the SEC’s complaint, John Greg Schmidt, who was associated with an SEC-registered broker dealer, sold securities […]
Honeywell Sues Ecobank N72bn for Damages after Failed Ex-parte
September 25, 2018/Thisday Davidson Iriekpen The Supreme Court has upheld decision of the Court of Appeal, which dismissed the asset-freezing ex-parte order filed by Ecobank Plc against Honeywell Group at the Federal High Court in Lagos. The apex court said the ex-parte order was unduly obtained and a clear breach […]
