The U.S. government has told hedge fund titan Steven A. Cohen’s SAC Capital Advisors that it is likely to face civil charges over alleged insider trading at the $14 billion firm, a source familiar with the matter said on Wednesday. The Securities and Exchange Commission issued a so-called Wells notice […]
Tag: Securities and Exchange Commission
ICT ministry, SEC in partnership to list telcos
The Federal Ministry of Communication has said it will partner the Securities and Exchange Commission to facilitate the listing of telecommunication firms on the Nigerian Stock Exchange. A statement on Monday quoted the Minister of Communications Technology, Mrs. Omobola Johnson, as saying this at the second Annual Capital Market Committee […]
BAGCO acquisition: Flour Mills gets SEC’s approval
Flour Mills of Nigeria Plc has received an approval in principle from the nation’s chief capital market regulatory body, the Securities and Exchange Commission, to buy Nigerian Bag Manufacturing Company Plc. The company, in a notice to the Nigerian Stock Exchange on Tuesday, said it would recommend to its shareholders […]
