Frauds & Scandals

SEC Suspends Maven Asset Management over N3.1 million Fraud

By InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) on Thursday announced the suspension of Maven Assets Management Limited, its Directors and sponsored Individuals from all capital market activities with effect from August 29, 2014. SEC issued this announcement on its official website,  ‘’this is to notify the general public […]

SEC Declares Liberty Assets Management Illegal Operator

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) has issued a caveat on Liberty Assets Management Limited and said it’s not registered with the commission to transact any business in the Nigerian Capital Market (NCM). ‘’This is to notify the general public that Liberty Assets Management Limited is not […]

Halliburton to Pay $1.1 Billion to Settle Spill Lawsuits

Sep 2, 2014/Bloomberg Halliburton Co. agreed to pay $1.1 billion to settle a majority of lawsuits brought over its role in the largest offshore oil spill in U.S. history. The agreement is subject to court approval and includes legal fees, the Houston-based company said in a statement today. Halliburton was […]