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Category Archives: hedge fund whitepaper

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 […]

Merrill Lynch Paying $10 Million Penalty for Misleading Investors in Structured Notes

(HedgeCo.Net) — The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay a $10 million penalty to settle charges that it was responsible for misleading statements in offering materials provided to retail investors for structured notes […]

SEC Charges “Frack Master” With Running an $80 Million Oil and Gas Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged four companies and eight individuals in an $80 million oil and gas fraud orchestrated by a Dallas man who calls himself the “Frack Master” for his purported expertise in hydraulic fracturing. The […]

SEC Halts Scheme Defrauding Pro Athletes

(HedgeCo.Net)— The Securities and Exchange Commission today announced that it has obtained a court order freezing the assets of an investment adviser it has charged with secretly siphoning millions of dollars from accounts he managed for professional athletes and investing […]

SEC Approves IEX Proposal to Launch National Exchange, Issues Interpretation on Automated Securities Prices Staff Issues Guidance on Speed Bumps

(HedgeCo.Net) The Securities and Exchange Commission today approved Investors’ Exchange LLC’s (IEX) application to register as a national securities exchange. At the same time, the Commission issued an updated interpretation that will require trading centers to honor automated securities prices […]

Digital First Media Workers Take on Alden Global Capital Hedge Fund

(HedgeCo.Net) Digital First Media workers and advocates for responsible and quality journalism are launching a campaign to demand investor transparency by Alden Global Capital, the hedge fund that purchased Digital First Media newspapers and properties beginning in 2009. Alden has […]

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 […]

SEC to Permit Voluntary Filing Using Inline XBRL

(HedgeCo.Net) — The Securities and Exchange Commission today 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 […]

SEC Issues $17 Million Whistleblower Award

(HedgeCo.NET) The Securities and Exchange Commission today announced a whistleblower award of more than $17 million to a former company employee whose detailed tip substantially advanced the agency’s investigation and ultimate enforcement action. The award is the second-largest issued by […]

SEC Charges Connecticut-Based Investment Adviser for Failure to Disclose Fees to Clients

(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against Connecticut-based investment adviser Momentum Investment Partners LLC (doing business as Avatar Investment Management), and one of its principals, Ronald J. Fernandes, for failing to disclose to some of Avatar’s […]

Adviser Steered Investor Money to His Own Companies

(HedgeCo.Net) The Securities and Exchange Commission today charged a North Carolina-based investment adviser with defrauding investors by secretly steering portions of real estate-related investments into deals with companies that he owned or operated himself. The SEC alleges that Richard W. […]

Calderwood Launch Brings New Independent Director Firm to Cayman Islands

(HedgeCo.Net) Ushering in a new benchmark for fund governance in the Cayman Islands, Calderwood has officially launched and is now open for business, providing experienced independent directors to a range of investment vehicles. Calderwood has been formed by Ronan Guilfoyle […]

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