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  • SEC Modernizes Disclosures For Banking Registrants

    Date 11/09/2020

    The Securities and Exchange Commission today announced that it has adopted rules to update and expand the statistical disclosures that bank and savings and loan registrants provide to investors, in light of changes in this sector over the past 30 years.  The rules also eliminate certain disclosure items that are duplicative of other Commission rules and requirements of U.S. GAAP or IFRS.  The rules replace Industry Guide 3, Statistical Disclosure by Bank Holding Companies, with updated disclosure requirements in a new subpart of Regulation S-K.  The rules are intended to help ensure that investors have access to more meaningful, relevant information about these registrants to facilitate their investment and voting decisions.  

  • Victims Of New York Ponzi Scheme Recover Over $1 Billion Following CFTC Enforcement Action

    Date 11/09/2020

    The Commodity Futures Trading Commission today announced that, pursuant an order entered on Monday, August 24, 2020 by the U.S. District Court for the Southern District of New York, the court-appointed receiver has completed a final distribution to victims in a $1.3 billion Ponzi scheme case brought by the CFTC in 2009. [See CFTC Press Release No. 5621-09] Specifically, the distribution pertains to customers in a commodity pool operated by defendants Paul Greenwood and Stephen Walsh, who, among other defendants, were charged in the case. The court-appointed receiver for this matter is Robb Evans & Associates LLC.

  • SEC Issues Agenda For September 16 Meeting Of The Asset Management Advisory Committee

    Date 11/09/2020

    The Securities and Exchange Commission today released the agenda for the September 16, 2020, meeting of the Asset Management Advisory Committee (AMAC).  AMAC was formed to provide the Commission with diverse perspectives on asset management and related advice and recommendations.

  • Nigerian Stock Exchange Employees Support The Fight Against COVID-19 With Mask Donation

    Date 11/09/2020

    As more socioeconomic activities open in Lagos State, there is a growing call for increased vigilance in preventing the spread of the COVID-19 coronavirus. It is in light of this that The Nigerian Stock Exchange (NSE or The Exchange) donated over 3,000 face masks to transport workers, teachers and artisans.


  • SEC Announces Final Distribution In WG Trading Investment Fraud, Totaling Over $1 Billion Returned To Harmed Investors

    Date 11/09/2020

    The Securities and Exchange Commission today announced that the court-appointed receiver has begun the final distribution to investors in connection with the SEC's action against defendants Paul Greenwood, Steven Walsh, and their affiliated WG Trading entities. Upon completion of this final distribution, over $1 billion will have been returned to affected investors, representing 100% of their net principal investments.