June 4, 2018/US SEC The Securities and Exchange Commission today announced that New York-based investment adviser deVere USA, Inc. has agreed to pay an $8 million civil penalty related to its failure to disclose conflicts of interest to its retail clients. The settlement will result in the establishment of a […]
Frauds & Scandals
Court Enters Judgment Against Former Trading Instructor for Defrauding Private Fund Investors
June 4, 2018/US SEC A federal district court entered a judgment on May 18, 2018 against Gustavo A. Guzman, a former options trading instructor, for misappropriating investor funds and making material misrepresentations to investors located in five states – North Carolina, South Carolina, Illinois, Washington, and California. The SEC’s complaint, […]
BudgIT Demands Cost of Ikeja Bus Terminal, Charges Lagos State to Comply with FOI Act
June 4, 2018 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-BudgIT Nigeria, civic tech organisation working on fiscal transparency has demanded from the Lagos State the cost of building the Ikeja bus terminal and charged the State to respect the Freedom of Information (FOI) Act. A statement from the fiscal transparency company […]
