Tag Archives: ethiopia penalty

Ethiopia receives US penalty $6.5 mil for selling in US market unregistered bonds

11 Jun

Posted by The Ethiopia Observatory (TEO)
by Securities & Exchange Commission

Washington D.C., June 8, 2016 — The Securities and Exchange Commission today announced that Ethiopia’s electric utility has agreed to pay nearly $6.5 million to settle charges that it violated U.S. securities laws by failing to register bonds it offered and sold to U.S residents of Ethiopian descent.
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