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Category Archives: hedge fund rulings

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 […]

Falcone Sells Hedge Fund Shares In Bid To Liquidate Assets

New York (HedgeCo.Net) – Philip Falcone has sold 18.6 million shares of Harbinger Group to “mini Berkshire Hathaway” Leucadia National Corp, Bloomberg reports. Falcone sold the shares worth $158m as part of a move to raise funds for his SEC settlement of more […]

Hedge Funds: SEC Weekend Fraud Roundup

New York (HedgeCo.Net) – Following a plea deal struck in April, Oregon-based hedge fund manager Yusaf Jawed has been sentenced to six years in prison for defrauding investors of $37 million. Jawed plead guilty to 17 counts of mail and wire fraud […]

NY Hedge Fund Adviser Fined For Breaching Fiduciary Duty Due To Conflict Of Interest

New York (HedgeCo.Net) – One of the founders of New York hedge fund firm Vicis Capital is under fire by the SEC for engineering an undisclosed transaction in which he had a financial conflict of interest. Without admitting or denying […]

Hedge Funds To Pay $14 Million to Settle SEC Market Manipulation Charges

New York (HedgeCo.Net) – In one of the largest crackdowns in the industry, the SEC has taken legal action against 23 firms and hedge fund managers for short selling violations. The funds agreed to pay $14.4 million to settle the market […]

Hedge Fund Receives Confiscated Art As Compensation For Fraud

New York (HedgeCo.Net) – Hedge fund Heathfield Capital Limited has received eighteen pieces of contemporary art including pieces by Andy Warhol, Mark Rothko and Damien Hirst. The artwork has been valued at approximately $33 million. The New York-based hedge fund was a […]

SEC Freezes Assets Of Hedge Fund Davian Capital

New York (HedgeCo.Net) – The SEC has charged Ohio hedge fund manager Anthony Davian with misappropriating more than $1 million from investors in funds managed by his company, defendant Davian Capital Advisors, LLC. In July 2008, Davian formed Davian Capital, an […]

Hochfeld Hedge Fund Adviser Jailed

New York (HedgeCo.Net) – Hedge fund manager and adviser Berton Hochfeld was sentenced this week to two years in prison for defrauding investors out of more than $1 million. Hochfeld pled guilty in January to securities fraud and wires fraud […]

Former Goldman Hedge Fund Trader Found Liable For Fraud

New York (HedgeCo.Net) – Fabrice Tourre, the former Goldman Sachs hedge fund trader with the nickname “Fabulous Fab” has been found liable for fraud by a jury in Manhattan on six of seven counts of fraud. The SEC in 2010 filed securities fraud charges […]

Former Hedge Fund General Council Named Director Of FBI

New York (HedgeCo.Net) – Former General Counsel at hedge fund Bridgewater Associates has been named by the senate as the new director of the FBI by a 93-to-1 margin.  James Brien Comey, Jr. will succeed Robert S. Mueller III, the Washington Post reveals. […]

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