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Category Archives: hedge fund rulings

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 […]

$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 […]

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 […]

Supreme Court To Rule On Hedge Funds Targeting Foreign Assets

New York (HedgeCo.Net) – The Supreme Court has decided to review whether or not it is legal for predatory hedge funds to target assets outside of US jurisdiction, Jubilee USA Network reports. “This is good news for countries around the world. The […]

JP Morgan Pays $1.7 Billion To Put Off Fraud Charges

New York (HedgeCo.net) – In as settlement that defers criminal charges against JP Morgan until 2016, a US Judge has agreed to settle for a fine of $1.7 billion, Reuters reports. JP Morgan was being charged by the prosecution for […]

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 […]

Hedge Fund Trader Mathew Martoma Denied “Consciousness Of Guilt” Defense

New York (HedgeCo.Net) – The trial against former SAC Capital trader Mathew Martoma for insider trading during an Alzheimer disease drug trial has started this week in that is being called the most lucrative hedge fund insider trading cases ever prosecuted. CBS […]

SAC: New York Hedge Fund Honcho May Face Prison Time

New York (HedgeCo.Net) – Michael Steinberg, a former portfolio manager at Steven A. Cohen’s hedge fund, SAC Capital Advisors, has been found guilty of involvement in an insider trading scheme. Manhattan U.S. Attorney Preet Bharara said back in April, “As […]

Hedge Fund Investing: The SEC Roundtable On Proxy Advisors

New York (HedgeCo.Net) – The SEC over the weekend announced the agenda and panelists for its December 5 staff roundtable on the use of proxy advisory firm services by institutional investors and hedge fund investment advisers. The roundtable panelists are: […]

Defrauding Investors: Whistleblower Awarded More Than $150,000 By SEC

New York (HedgeCo.Net) – The SEC today awarded more than $150,000 to a whistleblower whose tips helped the agency stop a scheme that was defrauding investors. “This is continued momentum and success for the SEC’s whistleblower program that is bringing […]

SEC Charges Hedge Fund Firm With Violations of Market Access Rule

New York (HedgeCo.Net)  -  Hedge fund Manager Knight Capital Americas LLC has agreed to pay $12 million to settle charges that it violated the SEC’s market access rule in connection with the firm’s Aug. 1, 2012 trading incident that disrupted […]

General Motors Pays Out $50 Million To Hedge Funds

New York (HedgeCo.Net) In a bid to finally end litigation going back to 2009, General Motors has agreed to pay out $50 million to hedge funds that believe they were wronged in a 2009 deal with regards to the company’s […]

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