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Category Archives: HedgeCo Networks Press Releases

SEC Charges Renewable Energy Company, CEO, and Others With Defrauding Investors

(HedgeCo.Net) The Securities and Exchange Commission today filed fraud charges against four individuals and others who allegedly profited by defrauding investors in a cash-strapped California-based renewable energy company. Patrick Carter, the founder and CEO of 808 Renewable Energy Corp. was […]

JPMorgan Chase Paying $264 Million to Settle FCPA Charges

(HedgeCo.Net) The Securities and Exchange Commission today announced that JPMorgan Chase & Co. has agreed to pay more than $130 million to settle SEC charges that it won business from clients and corruptly influenced government officials in the Asia-Pacific region […]

SEC Chair Mary Jo White Announces Departure Plans

(HedgeCo.Net) SEC Chair Mary Jo White, after nearly four years as the agency’s head, today announced that she intends to leave at the end of the Obama Administration. Under Chair White’s leadership, the Commission strengthened protections for investors and the […]

Firm Charged With Misleading Investors About Binary Options Profitability

(HedgeCo.Net)— The Securities and Exchange Commission today announced that an Israeli-based firm must pay more than $1.7 million for misleading investors into trading binary options over the internet, and the agency warned that other firms may be out there actively […]

Movie Producer Charged With Defrauding Hedge Fund Investors

(HedgeCo.Net) The Securities and Exchange Commission today charged a former movie producer and self-proclaimed private equity executive with defrauding investors in hedge funds and using the money he stole to support his extravagant lifestyle. According to the SEC’s complaint, David […]

Company to Pay Penalty for Stock Picking Game That Was An Unregistered Swap

(hedgeCo.Net) The Securities and Exchange Commission has announced that a New York-based company has agreed to pay a $50,000 penalty for illegally offering complex derivatives products to retail investors through mobile phone games that were described as “fantasy sports for […]

SEC: Investment Adviser Fraudulently Overbilled Clients, Stole Assets for Personal Expenses

(HedgeCo.Net) The Securities and Exchange Commission today charged a Los-Angeles based investment advisory firm and its owner with fraudulently overbilling clients and stealing assets from their trusts to pay such personal expenses as his home mortgage, overseas trips, and leases […]

Company Co-Founder Charged in Manipulation Scheme

HedgeCo.Net) — The Securities and Exchange Commission today charged the co-founder of a Minnesota-based energy company with manipulating its stock price and concealing his control of the company to attain lucrative financial payouts. The company’s other co-founder agreed to pay […]

Firm and Partner Charged With Issuing Fraudulent Audit Reports

(HedgeCO.Net) The Securities and Exchange Commission today announced that a New York-based audit firm and a senior partner agreed to settle charges that they issued fraudulent audit reports in connection with municipal bond offerings by the town of Ramapo, N.Y., […]

Should Public Pension Funds Reduce their Hedge Fund Allocations?

(HedgeCo.Net) CalPERS was the first high profile public pension to pull out of hedge funds, and was followed a year and a half later by one of the New York City retirement plans. Recently, the number of public pension funds […]

Company Co-Founder Charged in Manipulation Scheme Other Co-Founder Agrees to $8 Million Settlement of Separate Charges

(HedgeCo.Net) The Securities and Exchange Commission today charged the co-founder of a Minnesota-based energy company with manipulating its stock price and concealing his control of the company to attain lucrative financial payouts. The company’s other co-founder agreed to pay nearly […]

Embraer Paying $205 Million to Settle FCPA Charges

(HedgeCo.Net) The Securities and Exchange Commission today announced a global settlement along with the U.S. Department of Justice and Brazilian authorities that requires aircraft manufacturer Embraer S.A. to pay more than $205 million to resolve alleged violations of the Foreign […]

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