Hedge Fund News From HedgeCo.Net


Category Archives: HedgeCo Networks Press Releases

SEC Charges Multinational Telecommunications Company with large-scale bribery scheme

(HedgeCo.Net) The Securities and Exchange Commission has announced that Sweden-based Telefonaktiebolaget LM Ericsson was charged with engaging in a large-scale bribery scheme involving the use of sham consultants to secretly funnel money to government officials in multiple countries. The bribes […]

Connecticut Investment Adviser Charged with Defrauding Retail Investors

(HedgeCo.Net) The Securities and Exchange Commission charged a Connecticut investment adviser with misappropriating $560,000 from his advisory clients by selling fictitious financial products and using the proceeds to pay other advisory clients, as well as for his own use. According […]

Hedge Fund Adviser and Top Executives Charged with Fraud

(HedgeCo.Net) SBB Research Group, LLC, a Chicago-area hedge fund adviser and its two top executives have been charged by the Securities Exchange Commission with a multi-year fraud that inflated fund values. According to the SEC’s complaint, SBB Chief Executive Officer […]

SEC Revokes Registration of Investment Adviser Engaged in $60 Million Fraud

(HedgeCo.Net) The Securities and Exchange Commission has revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which the Commission recently charged with securities fraud for hiding losses in its flagship hedge fund and selling at least […]

SEC Halts Scheme Targeting Retail Investors

(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed an emergency action and obtained an asset freeze against the operators of a South Florida-based investment scheme that defrauded over 100 retail investors, many of whom are seniors. […]

SEC Wins Trial and $1.8 Million Judgment Against Investment Adviser for Defrauding Clients

(HedgeCo.Net) An Illinois federal judge entered a final judgment on November 12, 2019 against an investment adviser who the SEC charged in March 2009 with fraud for misappropriating client assets and misrepresenting the value of 15 unregistered investment pools. Following […]

SEC Revokes Registration of Adviser Engaged in $60 Million Fraud

(HedgeCo.Net) The Securities and Exchange Commission has revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which the Commission recently charged with securities fraud for hiding losses in its flagship hedge fund and selling at least […]

Goldman Sachs to Pay $1 Million for Recordkeeping Violations

(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Goldman Sachs & Co. LLC for failing to make and keep certain audio recordings as required under CFTC regulations for swap dealers. The […]

SEC Charges Former Top Executives With $487 Million Fraud

(HedgeCo.Net) The Securities and Exchange Commission has amended a complaint to charge four former executives of Outcome Health, a private advertising company, with fraud in raising nearly half a billion dollars by falsely portraying the company as an overwhelming success […]

BGC Financial, L.P. Ordered to Pay $3 Million for Supervision, Reporting, and Recordkeeping Violations

(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against BGC Financial, L.P., a futures industry voice broker and registered futures commission merchant (FCM), for numerous supervision, reporting, and recordkeeping violations spanning over […]

Final Judgment Handed Down Against Former Portfolio Manager

(HedgeCo.Net) A federal district court in New York, New York has entered a final judgment against Richard Lee, a former portfolio manager at S.A.C. Capital Advisors L.P., a former hedge fund management firm that was located in Stamford, Connecticut. The […]

CEO Charged With Violating Whistleblower Protection Laws to Silence Investor Complaints

(HedgeCo.Net) The Securities and Exchange Commission has filed an amended complaint against online auction portal Collectors CafĂ© and its CEO Mykalai Kontilai to add allegations that they unlawfully sought to prohibit their investors from reporting misconduct to the SEC and […]