By InvestAdvocate Lagos (INVESTADVOCATE)-28/9/2016-The Securities and Exchange Commission (SEC) in the exercise of its powers under Section 13 of the ISA, 2007 investigated complaints against WT Securities Ltd. and its Directors (Mr. Taofik Lawal and Mrs. Iyabode Lawal) and found them culpable of mismanaging the stocks of Mrs. Opral Mason […]
Frauds & Scandals
SEC says UBS to pay $15 million over sales practices
September 28, 2016/Reuters By Jonathan Stempel and Elizabeth Dilts UBS Group AG (UBSG.S) has agreed to pay more than $15 million to settle U.S. Securities and Exchange Commission charges that its failure to properly train brokers led to customers buying hundreds of millions of dollars of unsuitable securities. The SEC […]
Reborn Russian Ponzi scheme scams Africans
September 28, 2016/IOL Thousands of investors are feared to have lost their money after a pyramid scheme run by a convicted Russian fraudster crashed, somewhat predictably, in Zimbabwe. MMM Global has swept across Africa, with branches promising returns on investment of 30 per cent a month in South Africa, Zimbabwe, […]
