Lagos (INVESTADVOCATE)-InvestAdvocate in its usual manner on March 06 2013 captured a Question and Answer Session with the Board of the Securities and Exchange Commission (SEC) at a Maiden Meeting with Publishers and Chief Executive Officers of Media Organisations in Nigeria.Below are excerpts of a Q & A with Suleyman […]
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Cohen’s SAC to pay $600 million in SEC insider trade settlement
Hedge fund titan Steven A. Cohen’s firm, long the focus of a federal investigation into insider trading, is paying more than $600 million to U.S. securities regulators to settle allegations arising from improper trading in two stocks. The settlement is the largest ever by a hedge fund and involves allegations […]
Ex-JPMorgan exec Drew declines to be harpooned by “whale” losses
Ina Drew, the former JPMorgan Chase & Co (JPM.N) executive who earned millions while in charge of the unit that made the disastrous “London whale” trades, on Friday refused to accept responsibility for the $6.2 billion in losses revealed last year. Testifying before a Senate panel, the former chief investment […]
