Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen’s SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history. U.S. District Judge Paul Gardephe in New York also […]
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 […]
