Hedge Fund News From HedgeCo.Net


Category Archives: HedgeCo Networks Press Releases

SEC Charges Bank Leumi With Conducting Unregistered U.S. Cross-Border Business

(HedgeCo.Net) The Securities and Exchange Commission today announced that Israeli-based Bank Leumi has agreed to pay $1.6 million and admit wrongdoing to settle charges that it provided investment advice and induced securities transactions for U.S. customers for more than a […]

Ernst & Young to Pay $11.8 Million for Audit Failures

(HedgeCo.Net) The Securities and Exchange Commission today announced that Ernst & Young LLP has agreed to pay more than $11.8 million to settle charges related to failed audits of an oil services company that used deceptive income tax accounting to […]

SEC Charges Energy Services Company and Executives With Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged an energy services provider and four executives for their roles in an accounting fraud in which the company recognized revenue earlier than allowed in order to meet internal targets. Lime Energy Co. […]

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

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

Hedge Fund Firm and Supervisor Charged With Failing to Prevent Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today announced that a hedge fund advisory firm and a senior research analyst have agreed to settle charges related to their failures to detect insider trading by one of their employees. The SEC’s order […]

Deutsche Bank Allegedly Failed to Properly Safeguard Research Information

(HedgeCo.Net) The Securities and Exchange Commission today announced that Deutsche Bank Securities has agreed to pay a $9.5 million penalty for failing to properly safeguard material nonpublic information generated by its research analysts. Deutsche Bank also published an improper research […]

160 Investment Advisers or Investment Companies Hit with Disciplinary Action in 2016

(HedgeCo.Net) The Securities and Exchange Commission today announced that, in fiscal year 2016, it filed 868 enforcement actions exposing financial reporting-related misconduct by companies and their executives and misconduct by registrants and gatekeepers, as the agency continued to enhance its […]

Credit Suisse Paying $90 Million Penalty for Misrepresenting Performance Metric

(HedgeCo.Net) The Securities and Exchange Commission today announced that Credit Suisse AG has agreed to pay a $90 million penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management […]

SEC Proposes Rule Amendment to Expedite Process for Settling Securities Transactions

(HedgeCo.Net) The Securities and Exchange Commission has voted to propose a rule amendment to shorten the standard settlement cycle for most broker-dealer securities transactions from three business days after the trade date (T+3) to two business days after the trade […]

Ernst & Young, Former Partners Charged With Violating Auditor Independence Rules

(hedgeCo.Net) The Securities and Exchange Commission has announced that public accounting firm Ernst & Young has agreed to pay $9.3 million to settle charges that two of the firm’s audit partners got too close to their clients on a personal […]

Credit Suisse Paying $90 Million Penalty for Misrepresenting Performance Metric

(HedgeCo.Net) The Securities and Exchange Commission today announced that Credit Suisse AG has agreed to pay a $90 million penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management […]

UBS Hit With $15-Million Penalty After Being Charged With Supervisory Failures

(HedgeCo.Net) The Securities and Exchange Commission has announced that UBS Financial Services has agreed to pay more than $15 million to settle charges that it failed to adequately educate and train its sales force about critical aspects of certain complex […]

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