May 1, 2018/US SEC The Securities and Exchange Commission today announced the unsealing of fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme. The defendants agreed to permanent injunctions, an asset freeze, and expedited discovery. The SEC’s […]
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SEC Names Raquel Fox Director of the Office of International Affairs
May 1, 2018/US SEC The Securities and Exchange Commission today announced that Raquel Fox will succeed Paul Leder as the Director of the Office of International Affairs, which advises the Commission on cross-border enforcement and regulatory matters and coordinates the SEC’s involvement with regulatory authorities outside the United States. Ms. […]
FIDELITYBK Reports Q1 2018 Results – Downward Revisions to Consensus 2018E PBT Forecast Expected
Culled—Proshare May 1, 2018/FBNQuest Research Event: Fidelity Bank reports Q1 2018 results Implications: Downward revisions to consensus 2018E PBT forecast expected Positives: PAT up 28% y/y driven by a lower effective tax rate of 7.1% (vs. 11.0% in Q1 2017). Negatives: Pre-provision profits declined by 21% q/q due to q/q […]
