October 12, 2016/Reuters By Sarah N. Lynch | WASHINGTON Deutsche Bank will pay a $9.5 million penalty to settle civil charges that it failed to properly safeguard material non-public information generated by its research analysts and publishing an improper research report, U.S. regulators said Wednesday. The Securities and Exchange Commission […]
Frauds & Scandals
SEC Reacts to NECA’s Flay on Quoted Companies Sanctions
October 11, 2016/SEC The attention of the Securities and Exchange Commission (“SEC”) Nigeria has been drawn to a publication in The Guardian newspaper of Friday October 7, 2016 on the above caption “RE: NECA FLAYS SANCTIONS ON QUOTED COMPANIES BY SEC”. We hereby wish to put the issues in proper […]
South African finance minister to face fraud charges, rand plunges
October 11, 2016/Reuters By Joe Brock South African prosecutors on Tuesday ordered Finance Minister Pravin Gordhan to appear in court on Nov. 2 over allegations he broke public finance rules by granting a colleague early retirement, news that sent the rand and share prices reeling. The currency dropped as much […]
