Daily Archives: July 1, 2019

DriveWealth Partners with Sigma Securities and Trove Technologies to Launch First Digital U.S. Equities Trading Product in Nigeria

DriveWealth Platform to Power Groundbreaking Product for Nigerian Retail Investors

CHATHAM, New Jersey, July 1, 2019 /PRNewswire/ — DriveWealth, LLC, a U.S. based leader in global digital trading technology, today announced a new partnership with Sigma Securities Limited, a leading Nigerian brokerage firm, and Trove Technologies, a cutting-edge Africa-based financial app developer.  The DriveWealth platform is the engine for the new offering, which is launching today, giving Nigerian investors their first seamless digital access to the U.S. equity markets.

DriveWealth CEO Robert Cortright said: “Making U.S. securities available to investors of any size in countries all around the globe is an essential element of the mission of DriveWealth.  We are delighted to work with Sigma Securities and Trove Technologies on this effort to democratize investing in Nigeria by bringing to its retail investors the largest and most liquid, transparent financial market.”

Sigma Securities Limited CEO Dunama S. Balami said: “From today, partnering with DriveWealth and Trove Technologies, we have broken through the trading barriers into the U.S. stock market. Nigerian investors can now seamlessly trade U.S. equities. This partnership is a groundbreaking feat in the Nigerian Capital Market ecosystem, and we are proud to champion this cause. We believe that in togetherness and partnership, we can do so much in stock markets across the globe.”

Trove Technologies Limited CEO Oluwatomi Solanke said: “At Trove, we believe global investment opportunities should be available to all Africans. As an important market for any company with global ambitions, Africans should be able to reap the benefits of the success of these companies. Our partnership with DriveWealth and Sigma Securities brings the world’s largest stock market to Nigerian investors, regardless of spending power. Further, it eliminates the longstanding bottlenecks that have hampered access to this market. A world of borderless investing is a vision that excites us, and partnering with DriveWealth was perfectly in line with that mission.”

With customers and partners in more than 140 countries, DriveWealth is the pioneer in bringing digital access to the U.S. securities market for investors around the world.  The company, which launched its patent-pending real-time fractional share trading capabilities in 2016, was founded with the mission to democratize investing in the U.S. stock market by making it available to everyone, globally, at an affordable cost. Feature by feature, DriveWealth has eliminated many of the barriers investors typically encounter with legacy brokers, creating its own proprietary infrastructure that allows investors to purchase securities without minimum account balances, high transaction costs or full share quantities. Today, DriveWealth provides this innovative investing technology and its own customizable suite of application programming interfaces (APIs) to partners all over the world, allowing investors everywhere to gain access to the highly stable, liquid and regulated U.S. stock market with a fully accessible, straightforward user experience.

About DriveWealth

DriveWealth Holdings, Inc., wholly owns DriveWealth, LLC, a member of FINRA and SIPC. DriveWealth, LLC is a licensed carrying and self-clearing broker offering digital brokerage solutions to broker-dealers, advisors and online partners worldwide through its proprietary investment platform. DriveWealth, LLC delivers access to the U.S. securities markets along with an array of digital products that power both emerging and established financial companies. For more information, please visit DriveWealth.com.

About Sigma Securities

Sigma Securities Limited was incorporated to carry out among others, the business of an investment and trust company in all or any of its branches and to act as financial advisers and financial agents. The Company is duly registered by the Nigerian Securities and Exchange Commission as a broker-dealer and was also granted a Dealing Membership license by the Council of The Nigerian Stock Exchange.  As one of the leading players in the Nigerian stock market, Sigma Securities aims to exceed its clients’ investment and service expectations and actively pursues this by deploying technology that allows the firm to serve the high and low end of the market without the usual manual processes that come with such service. For more information, please visit www.sigmasecuritiesltd.com.ng/.

About Trove Technologies Limited

Trove Technologies Limited built and wholly owns Trove, a technology platform that allows Africans to invest in financial securities locally, within the continent, and internationally, outside the African continent. Trove also provides APIs and tools to broker-dealers and fund managers in order to provide access to global markets. Trove neither offers its own recommendations on any security nor provides its own research to any user per any security transaction and/or order. Trove is a technology platform, not a registered broker-dealer or investment advisor.

Logo – https://mma.prnewswire.com/media/783298/DriveWealth_Logo.jpg

Man arrested for dealing in dagga

NORTHERN CAPE-A 30-year-old is expected to appear before Deben Magistrate’s Court today following his arrest subsequent to be found in possession of dagga. His arrest came after the police received a tip-off regarding a man in possession of dagga walking in the streets of Deben. Police reacted promptly to the information and spotted the suspect walking in the street carrying a bag. Upon search and investigation, dagga weighing 3kg with an estimated street value of R12 000 was found packed inside the bag.

The suspect is facing a count of dealing in dagga.

The Cluster Commander of the John Taolo Gaetsewe, Major General Johan Bean applauded community members for their continuous zeal to fight against crime within neighbourhoods. He said communities have power to eradicate drug related crimes, drug dealers should not have operational space among communities.

Source: South African Police Service

SAPS foils CIT robbery in Mpumalanga

PRETORIA – A police officer has been wounded and three suspects have been shot and killed as well as two other suspects wounded during a shootout between members of the South African Police Service (SAPS) and a group of armed robbers in Bushbuckridge in Mpumalanga this morning.

During an intelligence driven operation, members from various disciplines of the South African Police Service responded to a cash-in-transit heist in progress at a Post Office in Bushbuckridge.

As the group of armed robbers were busy off-loading money from the CIT van outside the Post Office where they had held the security officers at gunpoint, the multidisciplinary SAPS team intercepted them leading to a high speed car chase. This led led to a shootout between the suspects and the police.

Three suspects were shot and killed, another two of the suspects who were shot and wounded have been transported to a nearby health facility under police guard.

An unknown number of suspects fled the scene in a Toyota Hilux and a silver Mercedes Benz after they forcefully stopped passer-by’s and hijacked them. The Toyota Hilux was later recovered abandoned near Hazyview.

In the process, police managed to recover some of the stolen money, two pistols and three vehicles which include the hijacked Toyota Hilux, a Ford Ranger and Toyota Fortuna that were used by the suspects and were later found to be both fitted with false registration number plates.

It is unfortunate that during the shootout a member of the SAPS, sustained a gunshot wound. The member has been taken to the nearest medical facility where he is receiving medical treatment.

Police have also notified the health department to be on the lookout for a suspect or suspects with a gun-shot wound who could seek medical help as the hijacked Toyota Hilux was found with blood stains.

The National Commissioner of the SAPS, General Khehla Sitole has wished the member in hospital a speedy recovery and thanked the teams for their bravery and swift action. He has also instructed the mobilization of the 72-Hour Activation Plan to apprehend the remaining suspects

General Sitole further called on communities to assist the work and investigation of the police into this matter. “Therefore, members of the public are further forewarned that harbouring criminals is a criminal offense hence if found hiding or assisting these suspects in any way, they too would be guilty of a crime concluded General Sitole

Members of the public are again reminded to call the SAPS Crime Stop number 08600 10111 to report any information to authorities. The public is reminded that information and their identity will be treated with the strictest confidence. Callers may also remain anonymous.

Source: South African Police Service

Police probe shooting after woman was fatally shot and her boyfriend injured in Kamesh

KING WILLIAM’S TOWN – Police are investigating a murder and attempted murder case after a couple was attacked in their home in Kamesh last night.

On Sunday, 30 June 2019 at about 10:30pm, it is alleged that a couple was watching television in the lounge of a house in Tailor Bird Street in Rosedale (Uitenhage, when someone knocked at the door. It is said that a boyfriend opened a door, and the two men, one armed with a firearm entered and started shooting at the couple. The two suspects immediately fled the scene after the incident. Jaydene Plaatjies (24) sustained gunshot wounds and was declared dead at the scene, and her 27-year-old injured boyfriend was taken to hospital. Kamesh detectives are following leads that could lead to the arrest of the two men. At this stage, it is unknown whether the suspects used a getaway vehicle.

Police are urging anyone with information that could lead to the arrest of the suspects to contact the nearest police station or to share information via Crime Stop 08600 10111. Callers may remain anonymous and all information will be treated strictly and confidential.

Source: South African Police Service