Hedge Fund News From HedgeCo.Net

Category Archives: HedgeCo Networks Press Releases

SEC Obtains Final Judgment Against Former Executive Charged with Lying to Auditors

The U.S. District Court for the District of Maryland has entered a final judgment against Bobby Dwayne Montgomery, a former executive of biotech company Osiris Therapeutics, Inc. for his role in Osiris’s fraudulent conduct. The SEC’s action, filed November 2, […]

CFTC Charges Company and its Owner in $11 Million Cryptocurrency Fraud and Misappropriation Scheme

(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has filed of a civil enforcement action in the U.S. District Court for the District of Nevada, charging David Gilbert Saffron of Las Vegas, Nevada and Circle Society, Corp., a Nevada corporation, with […]

18 Traders Charged in $31 Million Stock Manipulation Scheme

(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against 18 traders in a scheme to manipulate more than 3,000 U.S.-listed securities for over $31 million in illicit profits. The SEC alleges that […]

Federal Court Orders Managed Fund and CEO to Pay More Than $17.2 Million in a Commodities Fraud Scheme

(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has announced that a default judgment was entered on October 3rd against defendants Fabio Bretas de Freitas, of Miami, Florida, and Phy Capital Investments LLC, a registered commodity pool operator and commodity trading […]

Supervisor Charged for Role in Brokerage Firm’s Improper Handling of ADRs

(HedgeCo.Net) The Securities and Exchange Commission has announced that Domenick Migliorato, a former supervisor of the securities lending desk at Industrial and Commercial Bank of China Financial Services LLC (ICBCFS), has agreed to settle charges for his supervisory failures involving […]

Austin Investment Adviser Revoked for Fraud

(HedgeCo.Net) Texas Securities Commissioner Travis J. Iles revoked the registration of George A. “Gus” Marwieh, who fraudulently sold more than $5 million in pension-linked investments and real estate development notes to clients without disclosing his excessive commissions, misuse of client […]

MUFG Investor Services Acquires Select Divisions of Maitland’s Hedge Fund Administration Business

(HedgeCo.Net) MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group (“MUFG”), has reached an agreement to acquire select divisions of the fund administration business of Maitland, a privately owned global advisory, administration and family office firm. […]

Man Charged with Fraud, and Unregistered Brokerage Activity

(HedgeCo.Net) The Securities and Exchange Commission charged Richard Andrew Mallion with engaging in fraud, acting as an unregistered broker, and participating in an unregistered securities offering in connection with two issuers, Virtual MediClinic USA LLC (“Virtual MediClinic”) and The Luxurious […]

SEC Halts Alleged $1.7 Billion Unregistered Digital Token Offering

(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action and obtained temporary restraining order against two offshore entities conducting an alleged unregistered, ongoing digital token offering in the U.S. and overseas that has raised more than $1.7 billion […]

SEC Charges Two Individuals with Defrauding Main Street Investors Through the Sale of Binary Options

(HedgeCo.Net) The Securities and Exchange Commission charged two foreign individuals, Anton Senderov and Lior Babazara a/k/a Lior Bar, with defrauding more than 2,800 U.S. investors and causing them to lose over $5 million through online sales of high-risk securities known […]

Defendants Charged in Fraudulent ICO to Pay Nearly $7 Million

(HedgeCo.Net) The Securities and Exchange Commission announced that it has obtained a final judgment against the proprietors of the PlexCoin Initial Coin Offering (ICO), who consented to a judgment enjoining them from future violations of the antifraud provisions of the […]

Agencies Finalize Changes to Simplify Volcker Rule

(HedgeCo.Net) Five federal financial regulatory agencies on Tuesday announced that they finalized revisions to simplify compliance requirements relating to the “Volcker rule.” By statute, the Volcker rule generally prohibits banking entities from engaging in proprietary trading or investing in or […]

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