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Category Archives: Hedge Fund Fraud

SAC Affiliate Settles SEC Insider Trading Charges

New York (HedgeCo.Net) – Ronald Dennis, who worked at Steven A. Cohen’s SAC affiliated CR Intrinsic Investors has settled with the SEC on insider trading charges, Reuters reports. Ronald Dennis agreed to be barred from the securities industry and pay more than $200,000 […]

Hedge Fund Short Selling: Long Island Firm To Pay Record $7.2 Million Sanction

New York (HedgeCo.Net) – The largest-ever monetary sanction for Rule 105 short selling violations has been doled out by the SEC to a Long Island-based proprietary trading firm. Its owner agreed to pay $7.2 million to settle charges. According to […]

$12 Million Fraud: Over 5 Years In Jail For Hedge Fund Manager

New York (HedgeCo.Net) – A NY hedge fund manager was sentenced to 5 and a half years in prison for defrauding investors in a $12 million scheme, Reuters reports this morning. Lloyd Barringer pled guilty in July 2013 to four counts of […]

SEC Files Court Brief to Protect Whistleblowers From Retaliation

New York (HedgeCo.Net) – The SEC filed a “friend-of-the-court” brief, arguing that whistleblowers are entitled to protection from employer retaliation, even if they report the wrongdoing only to their employer and not to the SEC. The SEC stated that a whistleblower […]

Credit Suisse To Pay $196 Million In Fines

New York (HedgeCo.Net) – International banking firm Credit Suisse has agreed to pay $196 million and admitted to violating federal securities laws by providing cross-border brokerage and investment advisory services to U.S. clients without first registering with the SEC. Credit Suisse […]

Rengan Rajaratnam Wants Dismissal Of Hedge Fund Fraud Charges

New York (HedgeCo.Net) –   The District Court in New York has filed a motion to dismiss insider trading charges against Rengan Rajaratnam, the younger brother of the now imprisoned hedge fund billionaire Raj Rajaratnam The New Yorker was charged with conspiracy to […]

Hedge Fund Trader Mathew Martoma Found Guilty

New York (HedgeCo.Net) – Former SAC Capital trader Mathew Martoma has been found guilty of insider trading in what is being called the most lucrative hedge fund insider trading cases ever prosecuted. “As the jury unanimously found, Mathew Martoma cultivated and […]

Hedge Funds Go After Bankers For “Aiding And Abetting” Petters’ Ponzi Scheme

New York (HedgeCo.Net) –  A group of six hedge funds led by Ritchie Capital Management are suing  J.P. Morgan, Bank of America, Wells Fargo, UBS, Merrill Lynch and 7 other entities. The hedge funds claim that the banks “aided and abetted Thomas […]

Manhattan Private Equity Manager Charged With Stealing $9 Million

New York (HedgeCo.Net) –   A Manhattan-based private equity manager, Lawrence E. Penn III and his firm Camelot Acquisitions Secondary Opportunities Management, have had their assets frozen in a case put forward by the SEC. Three entities and one other person […]

Justice Department Probes Hedge Fund Dealings in Libya

New York (HedgeCo.Net) – The US Justice Department has started looking at banks, hedge funds and private equity funds that may have broken anti-bribery laws in their dealings with the Libyan sovereign wealth fund, which is run by Libya’s government, WSJ reports. […]

Oppenheimer Fund Manager Agrees to Settle Fraud Charges

New York (HedgeCo.Net) – Former Oppenheimer & Co. portfolio manager has agreed to be barred from the securities industry and pay a $100,000 penalty for making misrepresentations about the valuation of a fund consisting of other private equity funds. Last year, […]

Goldman Sachs Hedge Fund Trader Denied New Trial, SEC Wants Money Transfer To US

New York (HedgeCo.Net) – Fabrice Tourre, the former Goldman Sachs hedge fund trader with the nickname “Fabulous Fab” has been denied a new trial by Judge Katherine Forrest in Manhattan. Tourre was found liable for fraud by a jury in Manhattan on six of […]

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