The Nigerian Stock Exchange has imposed a fine of N56.3m on 31 listed companies for their failure to file their financial statements within the stipulated period. According to the NSE, the sanctions were imposed on the companies as they filed their 2011 and 2012 financial statements after the regulatory due […]
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SAC Loses $1.68 Billion From Investors
Investors in SAC Capital redeemed $1.68 billion Thursday, according to people familiar with the matter, a nod to a raft of legal issues that have embattled the hedge fund in recent months since a new government insider-trading case raised questions about founder Steve Cohen’s potential involvement in illicit activity. SAC […]
SEC sues over Heinz option trading before buyout
Securities regulators filed suit on Friday against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett’s Berkshire Hathaway Inc and Brazil’s 3G Capital. The suit marks the […]
