May 6, 2024/NGX In accordance with its X-Compliance report, which requires quoted companies to disclose activities that could affect investments, the Nigeria Exchange Regulation Company Limited has issued a caution letter to Julius Berger Plc. This is due to insider dealings in shares during the closed period, which violated the provisions of […]
Frauds & Scandals
SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filings
May 3, 2024/US SEC The Securities and Exchange Commission today charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “Respondents”), with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 […]
SEC Charges Missouri Man and His Company with Offering Fraud
May 3, 2024/US SEC The Securities and Exchange Commission today filed a litigated action charging Robert M. Thompson and a private entity he controls, Financial Freedom Foundation d/b/a/ F3 Mastermind (“F3 Mastermind”) with defrauding investors in three securities offerings. According to the SEC’s complaint, since at least early 2019, Thompson, […]
