August 8, 2018/NSE We wish to notify The Exchange, our shareholders and our esteemed stakeholders that the Board of Directors of Staco Insurance Plc (the Company) at its meeting held in Lagos on the 30th day of July 2018, passed a resolution dismissing Dr. Sakiru Oyefeso as the Chief […]
Frauds & Scandals
SEC Obtains Final Judgments Against City of Victorville, California and Others in Municipal Bond Fraud
August 8, 2018/US SEC The U.S. Securities and Exchange Commission has obtained a final judgment against the City of Victorville, California in connection with a $13 million “tax increment” bond offering. The SEC also obtained final judgments against the Southern California Logistics Airport Authority, which was an agency set up […]
SEC Charges Cloud Communications Company, Two Senior Executives With Misleading Revenue Projections
August 7, 2018/US SEC The Securities and Exchange Commission today charged a cloud communications company and two executives with providing misleading quarterly revenue estimates. The company and executives agreed to pay over $1.9 million in penalties to settle the SEC’s charges. According to the SEC’s order, Sonus Networks Inc.’s former […]
