Frauds & Scandals

Hedge Fund Firm Charged for Asset Mismarking and Insider Trading

May 8, 2018/US SEC The Securities and Exchange Commission today announced the hedge fund advisory firm Visium Asset Management LP has agreed to settle charges related to asset mismarking and insider trading by its privately managed hedge funds and portfolio managers.  Separately, the firm’s CFO agreed to settle charges that […]

SEC Charges Thailand-Based Trader with Insider Trading Ahead of Smithfield Foods Acquisition Announcement

May 8, 2018/US SEC The Securities and Exchange Commission on Tuesday announced insider trading charges against a Thai citizen who worked with his brother to reap millions in illegal gains by trading in advance of the May 2013 announcement that China-based Shuanghui International Holdings (now WH Group) would acquire Smithfield […]

ICPC Charges Gwarzo, Former SEC Nigeria DG over 2015 N104mn Severance Package; N10mn Car Grant

Culled—Proshare May 8, 2018/Proshare WebTV  The Independent Corrupt Practices and Other Related Offences Commission of Nigeria investigating the former Director-General of the Securities and Exchange Commission, Mr Mounir Gwarzo has charged him over the N105m severance package he got in June, 2015.  Apart from the severance package, the ICPC also […]