July 18, 2018/SEC Nigerians have again been advised to desist from investing their money in investments that offer unreasonable levels of returns at little risk to investors. This was stated by Ag. Director General of the Securities and Exchange Commission (SEC) Ms. Mary Uduk during a Town Hall meeting on Current […]
Frauds & Scandals
SEC Charges Asset Manager for Stealing Client Assets and Due Diligence Failures
July 17, 2018/US SEC The Securities and Exchange Commission today announced fraud charges against a Miami-based asset manager accused of perpetuating lies about his portfolio manager’s investment performance and assets under management, and for stealing approximately $1 million of client funds. The SEC alleges that John Geraci formed the Meridian […]
SEC Files Additional Charges in Fitbit Stock Manipulation Scheme
July 17, 2018/US SEC On July 11, 2018, the Securities and Exchange Commission filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings. According to the SEC’s complaint, Mark E. Burns purchased Fitbit call options just minutes […]
