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SEC Charges Multiple Individuals and Entities for Fraudulent Schemes That Victimized Elderly Investors

August 8, 2024/US SEC The Securities and Exchange Commission today charged Thompson Hunt and Associates, Ltd. (“THA”), Carl Arnal a/k/a Michael J. Cohen (“Arnal”), Christopher Vaughan (“Vaughan”), Brookdale Consultants LLC (“Brookdale”), Growth Point Consultants, Inc. (“GPC”), Damon Artis (“Artis”), and Richard Gavzie (“Gavzie”) for their respective roles in connection with […]

Dangote Clarifies Its Stand on Crude Supply to Its Refinery

August 8, 2024/Dangote Group Our attention has been drawn to media reports alleging that the Dangote Refinery has backtracked by acknowledging that NNPC supplied about 60% of the 50 million barrels we lifted.  To clarify, we have never accused NNPC of not supplying us with crude. Our concern has always […]

SEC Charges Massachusetts Residents with Insider Trading

August 8, 2024/US SEC The Securities and Exchange Commission filed insider trading charges today against Massachusetts residents Steven D. Targum, Elliot P. Targum, and Nicholas J. Rosenberg, who collectively avoided losses of about $110,000 from trading in advance of the February 13, 2023 announcement of negative clinical drug trial news […]