Hedge Fund News From HedgeCo.Net


Category Archives: HedgeCo Networks Press Releases

Millennium Settles Charges of Illegal Short Selling in Advance of Stock Offerings

(HedgeCo.Net) Investment advisory firm Millennium Management LLC has agreed to pay more than $630,000 to settle charges that it shorted U.S. stocks in companies planning follow-on offerings and then illegally bought shares in the follow-on offerings. An SEC investigation found […]

Day Trader Charged in Brokerage Account Takeover Scheme

(HedgeCo.Net) The Securities and Exchange Commission today charged a day trader based in the Philadelphia area with participating in a scheme to access the brokerage accounts of more than 100 unwitting victims and make unauthorized trades to artificially affect the […]

SEC Announces Measures to Facilitate Cross-Border Implementation of the European Union’s MiFID II’s Research Provisions

(HedgeCO.Net) Following consultation with European authorities, and in response to concerns that investors could lose access to valuable research, the staff of the U.S. Securities and Exchange Commission issued three related no-action letters. These letters are designed to provide market […]

Former Private Equity Firm Partner Charged With Secretly Billing Clients for His Vacations and Salon Visits

(HedgeCo.Net) The Securities and Exchange Commission today charged Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., with defrauding his fund clients by secretly billing them for approximately $290,000 in personal expenditures, including his family vacations, visits to […]

SEC Announces Whistleblower Award of More Than a Million Dollars

(HedgeCo.Net) The Securities and Exchange Commission has announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity […]

Two Former Top Executives Charged With Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million. The […]

Lawyers Charged With Assisting a Microcap Fraud Scheme

(HedgeCo.Net) The Securities and Exchange Commission has charged two lawyers it alleges helped facilitate a microcap fraud scheme involving undisclosed “blank check” companies secretly bound for reverse mergers. In complaints filed in the U.S. District Court for the Southern District […]

Investment Adviser Charged in Multi-Million Dollar Options Trading Scheme

(HedgeCo.Net)The Securities and Exchange Commission has charged a Westchester, New York-based investment adviser with fraud stemming from lies to retail investors about the value of their investments in a Ponzi-like scheme. The SEC alleges that, starting in approximately 2010, Michael […]

Former Top Executives Charged With Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million. The […]

SEC Files Charges in Snack Company Investment Scam

(HedgeCo.Net) The Securities and Exchange Commission has charged three individuals who defrauded investors in a company that falsely claimed to be developing a caffeinated chocolate snack and nearing an acquisition by Monster Energy or Coca-Cola Co. The SEC’s complaint alleges […]

SEC Announces Whistleblower Award of More Than a Million Dollars

(HedgeCo.Net) The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity […]

Feds Charge Former VP at Life Time Fitness and Six Traders With Insider Trading

(HedgeCo.Net) In a complaint filed in U.S. District Court in the Northern District of Illinois, the SEC alleges that Shane P. Fleming, a former vice president of sales at Life Time Fitness, learned of the merger discussions on or before […]

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