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 […]
Frauds & Scandals
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 […]
SEC Charges Additional Trader with Giving Cash Kickbacks to Broker for IPO Access
24/9/2018/US SEC The Securities and Exchange Commission today announced charges against a stock trader, Adam Rentzer, for illegally paying undisclosed cash kickbacks to his broker in exchange for receiving preferential access to lucrative IPOs, allowing Rentzer to reap greater profits in secondary market trading. The SEC alleges that Rentzer and […]
