Voya Global Equity Dividend and Premium Opportunity Fund V.IGD.H

Primary Symbol: IGD

Voya Global Equity Dividend and Premium Opportunity Fund (the Fund) is a diversified closed-end management investment company. The Fund may lend portfolio securities in an amount equal to up to 33 1/3% of its managed assets to broker dealers or other institutional borrowers, in exchange for cash collateral and fees. The Fund may use the cash collateral in connection with the Fund’s investment program as approved by the investment adviser, including generating cash to cover collateral posting requirements. The use of cash collateral in connection with the Fund’s investment program may have a leveraging effect on the Fund, which would increase the volatility of the Fund and could reduce its returns and/or cause a loss. The Fund intends to engage in lending portfolio securities only when such lending is secured by cash or other permissible collateral in an amount at least equal to the market value of the securities loaned. Voya Investments, LLC is the investment advisor of the Fund.

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Voya Global Equity Dividend and Premium Opportunity Fund > Reincarnation

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Comment by sedamaderaon Jun 23, 2018 8:16am

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Post# 28217804

RE:RE:Reincarnation

Let's hope that past SLI / IGD associates aren't still in the picture.

BCSC adds Corrigan to Forum manipulation case

2018-06-19 20:27 ET - Street Wire

Also Street Wire (U-FMNL) Forum National Investments Ltd

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

The B.C. Securities Commission has added former Vancouver broker Doug Corrigan to the list of people that it accuses of manipulating Forum National Investments Ltd. in 2012. The BCSC claims that Mr. Corrigan entered trades in nominee accounts on the instructions of Forum's president, Dan Clozza. The trading came as the stock went to a $2.18 high, up from 15 cents.

The addition of Mr. Corrigan comes six years after the BCSC accused Mr. Clozza and others of manipulating Forum. The regulator claims that the group boosted the stock with "grossly promotional" material as well as false or misleading news releases. The BCSC's accusations are mostly levelled at Mr. Clozza, but on Tuesday, June 19, the BCSC issued an amended notice of hearing that adds Mr. Corrigan.

The scheme, as set out in the amended notice, goes back to December, 2011, when Forum was in some financial difficulty. The stock had not traded for over two months, and had last changed hands at 15 cents. The BCSC says that Mr. Clozza hired an outside promoter to boost Forum in April, 2012. The plan was for Forum to issue news releases as the promoter published his materials, the notice states. As well, Mr. Clozza directed Mr. Corrigan to start trading the stock through nominee accounts, the BCSC claims.

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