Hedge Fund News From HedgeCo.Net


Category Archives: HedgeCo Networks Press Releases

Unregistered Sales Agents Charged for Improperly Soliciting Investments in Oil and Gas Ventures

(HedgeCo.Net) The Securities and Exchange Commission filed a civil injunctive action against two sales agents for unlawfully acting as unregistered brokers and selling unregistered investments in two oil and gas companies based in Texas. The SEC’s complaint, filed in the […]

Citigroup to Pay More Than $10 Million for Books and Records Violations and Inadequate Controls

(HedgeCo.Net) The Securities and Exchange Commission today announced that Citigroup has agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls, and trader supervision. The charges stem from $81 million […]

Two Firms and 18-Individuals Charged in Alleged Bond “Flipping” and Kickback Schemes

(HedgeCo.Net) The Securities and Exchange Commission today charged two firms and 18 individuals in a scheme to improperly divert new issue municipal bonds to broker-dealers at the expense of retail investors. According to the SEC’s complaint, the defendants – known […]

Ameriprise Financial Services Charged For Failing to Safeguard Client Assets

(HedgeCo.Net) The Securities and Exchange Commission has announced that Ameriprise Financial Services Inc. will pay $4.5 million to settle charges that it failed to safeguard retail investor assets from theft by its representatives. According to the SEC’s order, five Ameriprise […]

Unregistered Agent Charged With Improperly Soliciting Investments

(HedgeCo.Net) The SEC has filed a civil injunctive action against Chad Anthony Lewis, a Kentucky resident for unlawfully acting as an unregistered broker and selling unregistered investments in two oil and gas companies based in Texas. The SEC’s complaint, filed […]

Biotechnology Company, and CEO Charged with Illegal Sales of Stock and a Misleading Public Company Filing

(HedgeCo.Net) The Securities and Exchange Commission has charged Plandai Biotechnology, Inc., a penny stock company, and its Chairman and CEO with making illegal, unregistered sales of stock to unaccredited investors and with failing to adequately disclose that proceeds from sales […]

Michigan Investment Professional Charged in an Investment Scam Targeting His Brokerage Customers

dgeCo.Net)The Securities and Exchange Commission today charged a former registered representative with defrauding his brokerage customers out of nearly $4 million in a long-running investment scam. According to the SEC’s complaint, John C. Maccoll, who was affiliated with the Birmingham, […]

U.S. Congressman and Others Charged With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today announced the filing of insider trading charges against Congressman Christopher Collins, the U.S. Representative for New York’s 27th Congressional District, his son, Cameron Collins, and a third individual, Stephen Zarsky. In a parallel […]

Cloud Communications Company and Two Senior Executives Charged With Misleading Revenue Projections

(HedgeCo.Net) The Securities and Exchange Commission today charged a cloud communications company and two executives with providing misleading quarterly revenue estimates. The company and executives agreed to pay over $1.9 million in penalties to settle the SEC’s charges. According to […]

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

(HedgeCo.Net) The Securities and Exchange Commission today announced that it has updated its list of unregistered firms that use misleading information to primarily solicit non-U.S. investors, adding 16 soliciting entities, four impersonators of genuine firms, and nine bogus regulators. The […]

Final Judgment Issued Against Research Scientist Charged with Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against the research scientist who, according to the SEC, searched the internet for tips on avoiding the SEC’s detection before placing one of his illegal trades and made approximately […]

SEC Charges Former Corporate Officer for Insider Trading

(HedgeCo.Net) A former Senior Vice President at Sequenom, Inc. (“Sequenom”) has agreed to settle charges that he engaged in insider trading after tipping his friend about Laboratory Corporation of America Holding’s (“LabCorp”) bid to acquire Sequenom in a July 2016 […]

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