Hedge Fund News From HedgeCo.Net


Category Archives: HedgeCo Networks Press Releases

SEC Halts Ongoing Fraudulent Stock Scheme

(HedgeCo.Net) The Securities and Exchange Commission today announced it has won a court-ordered asset freeze to halt an ongoing fraud by two former brokers with disciplinary histories who allegedly raised more than $5 million from investors without using the money […]

SEC Charges Father and Son and Their Investment Advisory Firms with Defrauding Hedge Fund Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged two residents of Alpharetta, Georgia, Thomas D. Conrad, Jr. and his son, Stuart P. Conrad, and their two unregistered advisory firms, Financial Management Corporation (“FMC”) and Financial Management Corporation, S.R.L. (“FMC Uruguay”), […]

Investment Fund Manager Sentenced to Fifteen Months in Federal Prison for Obstructing SEC Investigation

(HedgeCo.Net) A defendant in a SEC enforcement action was sentenced to fifteen months in prison in a parallel criminal case after pleading guilty to charges that he obstructed justice in an investigation conducted by the SEC. Vineet Kalucha, whose sentence […]

SEC to Permit Voluntary Filing Using Inline XBRL

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

Silicon Valley Executive Settles Insider Trading Charges

(HedgeCo.Net) The Securities and Exchange Commission has announced that a Silicon Valley executive has agreed to pay more than a half-million dollars to settle charges that he traded on inside information received from a board member at a Minnesota-based company […]

SEC: Citigroup Provided Incomplete Blue Sheet Data for 15 Years

(HedgeCo.Net)— The Securities and Exchange Commission has announced that Citigroup Global Markets has agreed to pay a $7 million penalty and admit wrongdoing to settle charges that a computer coding error caused the firm to provide the agency with incomplete […]

SEC Proposes Rules to Enhance Order Handling Information Available to Investors

(HedgeCo.Net) The Securities and Exchange Commission today voted to propose rules that for the first time would require broker-dealers to disclose the handling of institutional orders to customers. The proposed rules also would expand the information included in existing retail […]

SEC Charges Investment Adviser With Failing to Clearly Disclose Additional Costs to Investors

(HedgeCo.Net) The Securities and Exchange Commission today announced an enforcement action against an investment advisory firm that failed to properly prepare clients for additional transaction costs beyond the “wrap fees” they pay to cover the cost of several services bundled […]

SEC Charges Unregistered Brokers with Pocketing Investor Money

(HedgeCo.Net) The Securities and Exchange Commission has charged two men with pocketing investor money they raised for limited liability companies they owned and controlled that purportedly held warrants to purchase the common stock of a technology startup company. The SEC […]

Citigroup Provided Incomplete Blue Sheet Data for 15 Years

(HedgeCo.Net) The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to pay a $7 million penalty and admit wrongdoing to settle charges that a computer coding error caused the firm to provide the agency with incomplete […]

Private Equity Fund Adviser Acted As Unregistered Broker

(HedgeCo.Net) The Securities and Exchange Commission has announced that a Maryland-based private equity fund advisory firm and its owner have agreed to pay more than $3.1 million to settle charges that they engaged in brokerage activity and charged fees without […]

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 […]

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