Investors Bite

SEC Propose Rules on Electronic Offerings, Derivatives Trading and Sundry Amendments

March 18, 2019/SEC All comments and input should be forwarded by e-mail to the Secretariat, Rules Committee of the Commission, at rulescommittee@sec.gov.ng or by letter addressed to the Director-General, SEC, not later than two (2) weeks from date of publication. SUMMARY New Rules Proposed Rules on Electronic Offerings Proposed Rules on […]

Access Diamond Merger Gets CBN, SEC Final Approval

March 18, 2019/Cowry Asset On Friday, March 15, 2019, Access Bank Plc (“the Bank”) notified the Nigerian Stock Exchange (NSE) that it has received the final approval of both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to the proposed scheme of merger with Diamond […]

SEC Charges Volkswagen, Former CEO with Defrauding Bond Investors During “Clean Diesel” Emissions Fraud

March 15, 2019/US SEC The Securities and Exchange Commission charged Volkswagen AG, two of its subsidiaries, and its former CEO, Martin Winterkorn, for defrauding U.S. investors, raising billions of dollars through the corporate bond and fixed income markets while making a series of deceptive claims about the environmental impact of […]