Investors Bite

MTN Plans to Raise $1.1 Billion in Debt in Nigeria This Year

9/5/2018/Bloomberg By Loni Prinsloo  Nigeria preparing for record company bond sales in 2018 Company plans to list its local unit on Lagos exchange MTN Group Ltd. plans to borrow as much as 400 billion naira ($1.1 billion) in Nigeria this year as Africa’s largest wireless carrier by sales seeks to […]

Microcap Company President Charged With Boiler Room Fraud Agrees to Lifetime Bars

9/5/2018/US SEC A former microcap company president charged by the Securities and Exchange Commission with defrauding over 700 investors nationwide who were pressured to invest has agreed to lifetime officer-and-director and penny stock bars. The SEC’s complaint alleges that from 2009 until 2015, Keith Houlihan of Boca Raton, Florida, while […]

SEC Charges Hedge Fund Adviser With Deceiving Investors by Inflating Fund Performance

9/5/2018/US SEC The Securities and Exchange Commission today announced that it has charged New York-based investment adviser Premium Point Investments LP with inflating the value of private funds it advised by hundreds of millions of dollars.  The SEC also charged Premium Point’s CEO and chief investment officer Anilesh Ahuja as […]