Investors Bite

SEC Charges New York-Based Firm and Supervisors for Failing to Supervise Brokers Who Defrauded Customers

June 29, 2018/US SEC The Securities and Exchange Commission today charged New York-based broker-dealer Alexander Capital L.P. and two of its managers for failing to supervise three brokers who made unsuitable recommendations to investors, “churned” accounts, and made unauthorized trades that resulted in substantial losses to the firm’s customers while […]

Nigerian Stocks Close Positive, As Week-to-Date Performance Up 1.10%

June 29, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday closed the week on a positive note as as the benchmark index gained 1.44 percent to close at 38,278.55 points; bringing the Week-to-Date (WTD) performance up +1.10 percent. InvestmentOne reports that market breadth index was positive with 30 […]