regulatory
confidence high
sentiment negative
materiality 0.85
Video River Networks named as defendant in SEC lawsuit; SEC seeks bars against its executives
Video River Networks, Inc.
- SEC filed complaint Nov 18, 2024 in Central District of California against company and individuals.
- Defendants include CEO Frank Igwealor and director Patience Ogbozor; SEC seeks officer/director and penny stock bars.
- Company counsel is evaluating the complaint; Igwealor claims innocence of alleged violations.
- Video River Networks (NIHK) is one of several entities targeted in the SEC action.