Hedge Fund News From HedgeCo.Net


Category Archives: HedgeCo Networks Press Releases

Investment Adviser and Two Former Managers Charged for Misleading Retail Clients

(HedgeCo.Net) The Securities and Exchange Commission has announced that New York-based investment adviser deVere USA, Inc. has agreed to pay an $8 million civil penalty related to its failure to disclose conflicts of interest to its retail clients. The settlement […]

SEC Charges Investment Banker in Insider Trading Scheme

(HedgeCo.Net) The Securities and Exchange Commission has charged an employee of a prominent investment bank with repeatedly using his access to highly confidential information in order to place illicit and profitable trades in advance of deals on which the bank […]

Long Island Investment Professional Charged in $8 Million Scam Targeting Long-Standing Brokerage Customers

(HedgeCo.Net) The Securities and Exchange Commission has charged a former registered representative with defrauding long-standing brokerage customers in an $8 million investment scam. According to the SEC’s complaint, Steven Pagartanis, who was affiliated with a registered broker-dealer, told some investors […]

SEC Obtains Emergency Order Halting Fraudulent Coin Offering Scheme

(HedgeCo.Net) The Securities and Exchange Commission today announced it has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as $21 million from investors in and outside the U.S. The court […]

Fraud Charges Filed Against Three Former Constellation Healthcare Executives

(Hedgeco.Net) The Securities and Exchange Commission has filed fraud charges against three former Constellation Healthcare Technologies Inc. executives who falsified financial and other information they provided to a private firm in the course of negotiating the private firm’s acquisition of […]

SEC Proposes FAIR Act Rules to Promote Research Reports on Investment Funds

(HedgeCo.Net) The Securities and Exchange Commission today proposed rules and amendments that would promote research on mutual funds, exchange?traded funds, registered closed-end funds, business development companies, and similar covered investment funds. The proposal would reduce obstacles to providing research on […]

SEC Charges Brokerage Firms and AML Officer With Anti-Money Laundering Violations

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against broker-dealers Chardan Capital Markets LLC and Industrial and Commercial Bank of China Financial Services LLC (ICBCFS) for failing to report suspicious sales of billions of penny stock shares. Broker-dealers are […]

SEC Charges Three Former Healthcare Executives With Fraud

(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against three former Constellation Healthcare Technologies Inc. executives who falsified financial and other information they provided to a private firm in the course of negotiating the private firm’s acquisition of […]

SEC Charges Owner of Alternative Investment Firm in Belize Airport Financing Scam

(HedgeCo.Net)The Securities and Exchange Commission has charged the owner of a Manhattan-based alternative investment firm with misappropriating close to $6 million in investor funds earmarked to finance the construction of an international airport in Belize. The SEC’s complaint alleges that […]

SEC Charges Brokerage Firms and AML Officer With Anti-Money Laundering Violations

(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges against broker-dealers Chardan Capital Markets LLC and Industrial and Commercial Bank of China Financial Services LLC (ICBCFS) for failing to report suspicious sales of billions of penny stock shares. Broker-dealers […]

Charges Filed in Alleged $34-Million International Stock Manipulation Scheme

(HedgeCo.Net) Charges have been filed against four individuals for their roles in a fraudulent scheme that generated nearly $34 million from unlawful stock sales and caused significant harm to retail investors. According to the SEC’s complaint, the defendants manipulated the […]

How Social Media is changing the Hedge Fund Industry

(HedgeCo.Net) With more 15,000 competitors, the hedge fund industry is extremely competitive. Many institutional investors are contacted by thousands of managers a year, meeting with a few hundred, have follow up meetings with fifty, and ultimately allocating to two. In […]

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