Hedge Fund News From HedgeCo.Net


SEC Charges Father and Son and Their Investment Advisory Firms with Defrauding Hedge Fund Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged two residents of Alpharetta, Georgia, Thomas D. Conrad, Jr. and his son, Stuart P. Conrad, and their two unregistered advisory firms, Financial Management Corporation (“FMC”) and Financial Management Corporation, S.R.L. (“FMC Uruguay”), […]

Investment Fund Manager Sentenced to Fifteen Months in Federal Prison for Obstructing SEC Investigation

(HedgeCo.Net) A defendant in a SEC enforcement action was sentenced to fifteen months in prison in a parallel criminal case after pleading guilty to charges that he obstructed justice in an investigation conducted by the SEC. Vineet Kalucha, whose sentence […]

SEC to Permit Voluntary Filing Using Inline XBRL

(HedgeCo.Net) The Securities and Exchange Commission has announced that it will allow companies to voluntarily file structured financial statement data in a format known as Inline XBRL. This initiative represents another step in the SEC’s continuing efforts to modernize and […]

Silicon Valley Executive Settles Insider Trading Charges

(HedgeCo.Net) The Securities and Exchange Commission has announced that a Silicon Valley executive has agreed to pay more than a half-million dollars to settle charges that he traded on inside information received from a board member at a Minnesota-based company […]

SEC: Citigroup Provided Incomplete Blue Sheet Data for 15 Years

(HedgeCo.Net)— The Securities and Exchange Commission has announced that Citigroup Global Markets has agreed to pay a $7 million penalty and admit wrongdoing to settle charges that a computer coding error caused the firm to provide the agency with incomplete […]

SEC Proposes Rules to Enhance Order Handling Information Available to Investors

(HedgeCo.Net) The Securities and Exchange Commission today voted to propose rules that for the first time would require broker-dealers to disclose the handling of institutional orders to customers. The proposed rules also would expand the information included in existing retail […]

SEC Charges Investment Adviser With Failing to Clearly Disclose Additional Costs to Investors

(HedgeCo.Net) The Securities and Exchange Commission today announced an enforcement action against an investment advisory firm that failed to properly prepare clients for additional transaction costs beyond the “wrap fees” they pay to cover the cost of several services bundled […]

SEC Charges Unregistered Brokers with Pocketing Investor Money

(HedgeCo.Net) The Securities and Exchange Commission has charged two men with pocketing investor money they raised for limited liability companies they owned and controlled that purportedly held warrants to purchase the common stock of a technology startup company. The SEC […]

Citigroup Provided Incomplete Blue Sheet Data for 15 Years

(HedgeCo.Net) The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to pay a $7 million penalty and admit wrongdoing to settle charges that a computer coding error caused the firm to provide the agency with incomplete […]

Private Equity Fund Adviser Acted As Unregistered Broker

(HedgeCo.Net) The Securities and Exchange Commission has announced that a Maryland-based private equity fund advisory firm and its owner have agreed to pay more than $3.1 million to settle charges that they engaged in brokerage activity and charged fees without […]

Chief of SEC Whistleblower Office Leaves the Agency

(HedgeCo.Net)— The Chief of the SEC’s Office of the Whistleblower, is planning to leave the agency later this month. Sean McKessy became the first head of SEC’s whistleblower program in February 2011 and helped establish the whistleblower office that assesses […]

SEC: Nashville Firm Schemed to Collect Extra Fees From Hedge Funds

(HedgeCo.Net) — The Securities and Exchange Commission has charged a Nashville, Tenn.-based investment advisory firm and its owner with scheming to collect extra monthly fees from a pair of hedge funds they managed. Examiners in the SEC’s Atlanta office detected […]

Investment Fraud Victims Include Online Daters

(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges and an asset freeze obtained against a Connecticut man accused of misleading people into investing in his company and then taking their money for his personal use. His victims include […]

SEC Halts Ponzi Scheme Aimed at Middle Class

(HedgeCo.Net) The Securities and Exchange Commission has charged two California men and their investment firm with operating a Ponzi scheme as they purported to specialize in serving middle-class investors and securing exorbitant returns by investing in hot pre-IPO stocks. The […]

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Syndicated Headlines
  • Northern Trust Survey: Record Number of Investment Managers Believe U.S. Stocks Overvalued
    Yesterday, July 25, 2016 : Permalink

    (Fin Alternatives) Worries about job growth, political uncertainty and market volatility are what keep investment managers up at night despite generally rising market sentiment, according to the most recent quarterly survey by Northern Trust Asset Management. More managers viewed U.S. […]

  • Verizon to acquire Yahoo in $4.8 billion deal
    Yesterday, July 25, 2016 : Permalink

    (CNBC) Verizon Communications on Monday announced plans to acquire Yahoo for $4.8 billion in cash, ending months of uncertainty after Marissa Mayer’s battered internet giant company said it would review strategic alternatives. Share prices of both companies initially moved slightly […]

  • Goldman Sachs Planning to Raise $5-$8B for New Buyout Fund
    Yesterday, July 25, 2016 : Permalink

    (Fin Alternatives) Goldman Sachs is launching a new private equity fund for which it hopes to raise $5-$8 billion, the first such vehicle for the global investment bank since the financial crisis. To read this article:

  • Has Wall Street Been Tamed?
    Yesterday, July 25, 2016 : Permalink

    (Bloomberg) Chris Hentemann has two pieces of art on the walls of his corner office in midtown Manhattan. One is an oversize photograph of the cockpit of his twin-engine Beechcraft Baron. The other is an Andy Warhol print of Muhammad […]



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