Updates

SEC Settles with Three Defendants in Boiler Room Scheme

June 11, 2020/US SEC The Securities and Exchange Commission today announced that it has obtained final judgments by consent against three individuals charged for their roles in a $10 million boiler room scheme. The SEC’s complaint, filed on July 12, 2017, alleged that Ronald Hardy and Anthony Vassallo, through boiler […]

OPECplus Cuts Could Be Deeper for Longer

Culled—Proshare June 11, 2020 by NOVA Merchant Bank Key Highlights Compared to the planned Phase 1 OPEC+ production cut of 9.7mbpd, the group only achieved 8.03mbpd in May with compliance rate of 82%. Coordinated cut back occasioned by lower prices resulted in additional production decline of 3.04mbpd, resulting in total […]

Weekly Economic and Market Report for June 11, 2020-Cordros

June 11, 2020/Cordros Report Global Economy According to the Labor Department, U.S. consumer prices declined for a third straight month in May, as the coronavirus-induced recession continued to depress demand. The consumer price index fell 0.1% from the prior month after a 0.8% drop in April, which was the biggest […]