September 16, 2018/Punch ADE ADESOMOJU The Presidency on Saturday challenged a multinational banking and financial services company, HSBC, to return the stolen funds it allegedly helped the late Head of State, Sani Abacha; a serving senator and other Nigerians to launder. It said instead of engaging in doomsday prophecy, the […]
Frauds & Scandals
SEC Charges Acquisition Advisor with Insider Trading
September 14, 2018/US SEC The SEC filed insider trading charges on September 10, 2018 against a corporate deal advisor for trading in securities of two China-based companies based on confidential information about their impending acquisitions. As alleged in the SEC’s complaint, Rong Chen obtained this inside information in the course […]
SEC Charges Citigroup for Dark Pool Misrepresentations
September 14, 2018/US SEC The Securities and Exchange Commission today entered an order finding that Citigroup Global Markets Inc. misled users of a dark pool operated by one of its affiliates. The SEC’s order found that Citigroup misled users with assurances that high-frequency traders were not allowed to trade in […]
