Frauds & Scandals

SEC Charges Long Island Investment Professional in $8 Million Scam Targeting Long-Standing Brokerage Customers

May 30, 2018/US SEC The Securities and Exchange Commission today charged a former registered representative with defrauding long-standing brokerage customers in an $8 million investment scam. According to the SEC’s complaint, Steven Pagartanis, who was affiliated with a registered broker-dealer, told some investors – including retirees who had been Pagartanis’s […]

SEC Warn Investors on Suspicious Activities of Partnership Investment, Subsidiaries

May 30, 2018 By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) on Wednesday alerted investors on an electronic message being circulated on behalf of Partnership Investment Company Plc and its subsidiaries and warned it was very suspicious. “The attention of the Securities and Exchange Commission, Nigeria (“SEC”) […]

Judgment Delivered Against Plaintiff In First Nigerian Case on ATM Dispense Error

Culled—Proshare May 24, 2018/Timothy Tion* A Benue State High Court of Justice, sitting in Makurdi, today the 24th of May, 2018, delivered judgment in the case of KUME BRIDGET ASHIEMAR v. GTBANK PLC & UBA PLC  Suit No. MHC/198/14. over a dispense error suit i.e. a situation where the machine […]