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SEC Charges Former Lumentum Executive with Insider Trading

June 4, 2024/US SEC On June 3, 2024, the Securities and Exchange Commission filed insider trading charges against Andre Wong for unlawfully trading the securities of NeoPhotonics Corporation (“NeoPhotonics”) ahead of an announcement that his then-employer, Lumentum Holdings Inc. (“Lumentum”), had agreed to acquire NeoPhotonics. According to the SEC’s complaint, […]

SEC to Close Salt Lake Regional Office

June 4, 2024/US SEC The Securities and Exchange Commission today announced that it will close its Salt Lake Regional Office (SLRO) later this year, reducing its regional footprint from 11 regional offices to 10. The SLRO has long been the SEC’s smallest regional office and recently has experienced significant attrition. […]

Bears Forge Ahead, as Nigerian Bourse Sheds -0.06% on Banking Counters Loss

June 4, 2024/Cordros Report Click here to download the full report. EQUITIES MARKET: Bears forged ahead in the Nigerian Exchange, as the day’s trading closed in the negative zone. The All-Share Index (NGXASI) shed 0.07% to close at 99,051.02 points from 99,118.86 points in the previous session. The day’s negative […]