Hedge Fund News From HedgeCo.Net


Category Archives: hedge fund rulings

Two Executives and A Hedge Fund Portfolio Manager Sentenced To Federal Prison

New York (HedgeCo.Net) – Eric M. Martin, Mark Megalli, and Richard T. Posey have been sentenced to federal prison for their roles in a multi-million-dollar insider trading conspiracy involving childrens clothing company Carter’s, Inc. stock. Mark Megalli worked at New […]

House Passes Hedging Deregulation Bill

New York (HedgeCo.Net) – The U.S. House of Representatives yesterday passed legislation that would significantly weaken elements of the Dodd-Frank Wall Street Reform and Consumer Protection Act put into place by Obama in 2010. The bill passed by a vote […]

SAC Affiliate Settles SEC Insider Trading Charges For $600 Million

New York (HedgeCo.Net) – The US courts have approved a $600 million fine to settle SEC charges that hedge fund advisory firm CR Intrinsic Investors participated in an insider trading scheme involving a clinical trial for an Alzheimer’s drug, Reuters reports. […]

Hedge Fund Firm Paradigm Settles Whistleblower Retaliation Charges For $2.2 Million

New York (HedgeCo.Net) – NY hedge fund advisory firm Paradigm Capital Management and its owner Candace King Weir have agreed to pay $2.2 million to settle SEC charges of engaging in prohibited behavior and then retaliating against the employee who […]

Agecroft Partners Estimates That 90% of Hedge Funds Use Social Media

New York (HedgeCo.Net) -   Donald A. Steinbrugge, CFA – Founder and Managing Partner, ae Agecroft Partners  has said that the use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media […]

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 […]

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