By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – Nigeria’s Securities and Exchange Commission (SEC) on Thursday said the recent redeployment carried out at the commission was strategic in order to strengthen its regulatory mechanism and not punitive, according to a statement from SEC. This is coming on the heels of reports […]
Frauds & Scandals
Honda Fined Record $70 Million for Underreporting Injury Claims
Jan 8, 2015/Bloomberg Honda Motor Co. (7267) agreed to pay a record $70 million in fines and submit to stricter oversight for failing to tell the U.S. government about warranty claims and more than 1,700 injuries and deaths linked to potential defects in its cars. Automakers are required to report […]
Morgan Stanley says wealth management employee stole client data
Mon Jan 5, 2015/Reuters Morgan Stanley (MS.N) said on Monday it had fired a financial adviser who allegedly stole account information from about 350,000 of its wealth management clients and posted some of it online. There is no evidence that clients lost money as a result of the latest breach […]
