Investors Bite

Societe Generale Reaches An Agreement With Commerzbank To Acquire Its Equity Markets And Commodities

Culled—Proshare July 3, 2018/Mondo The Transaction Includes Commerzbank’s Investment Products, Flow Products, And Asset Management Businesses Worldwide, Including Associated Market Making, Sales And Structuring Capabilities Societe Generale is announcing that it has reached an agreement to acquire Commerzbank’s Equity Markets and Commodities business (EMC), a leading European manufacturer, distributor and […]

Nigerian Stocks Extend Losses Third Consecutive Day on Sell-Offs Across Major Sectors

July 3, 2018/Cordros Report EQUITIES Losses extended in the equities market, with the ASI dropping by 0.90% to 37,605.12 points, as selloffs persisted across major sectors. As a result, the Month-to-Date and Year-to-Date returns moderated further to -1.76% ad -1.67% respectively. The Industrial Goods (-1.51%), Banking (-1.25%), Oil & Gas […]

SEC Obtains Asset Freeze, Shuts Down $5 Million Ponzi Scheme

July 3, 2018/US SEC The Securities and Exchange Commission today announced charges against a Virginia investment adviser firm and its sole owner, for operating a nearly $5 million Ponzi scheme. The SEC also obtained an order freezing assets in more than 30 brokerage and bank accounts controlled by the defendants. […]