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Category Archives: HedgeCo News

SEC Uncovers Wide-Reaching Insider Trading Scheme

(HedgeCo.Net) The Securities and Exchange Commission today announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions. Data analysis allowed the SEC’s enforcement staff to uncover […]

SEC Charges KPMG with Audit Failures

(HedgeCo.Net) The Securities and Exchange Commission today announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being […]

SEC Announces Whistleblower Award of More Than $1.7 Million

(HedgeCo.Net) The Securities and Exchange Commission has announced a whistleblower award of more than $1.7 million to a company insider who provided the agency with critical information to help stop a fraud that would have otherwise been difficult to detect. […]

Fed’s Allegedly Crack $15 Million Scheme To Defraud Investors

(HedgeCo.Net) The Securities and Exchange Commission today charged two Tennessee men and an accomplice in Fort Lauderdale with allegedly defrauding investors they lured by false promises of high returns from an oil drilling investment opportunity. According to the SEC’s complaint […]

Fraud Charges Filed Against Former Brokers Targeting Federal Retirees

(HedgeCo.Net) The Securities and Exchange Commission has charged four former Atlanta-area brokers with fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan (TSP) retirement accounts into higher-fee, variable annuity products. The SEC’s enforcement action comes […]

Overseas Stock Manipulator Settles SEC Charges

(HedgeCo.Net) An overseas stock manipulator has agreed to pay nearly $800,000 and be permanently barred from involvement in penny stocks after hiding his significant stake in a small oil & gas company while secretly funding a fraudulent promotional campaign that […]

Massachusetts Businessman Charged With Using Investor Funds for Personal Expenses

(HedgeCo.Net) A Massachusetts businessman has been charged with allegedly misusing investments intended for the development of cancer diagnostic tests to instead pay personal expenses and fund his fiancée’s restaurant businesses. According to the SEC’s complaint, Patrick Muraca established two pharmaceutical […]

SEC Announces Whistleblower Award of More Than $1.7 Million

(HedgeCo.Net) The Securities and Exchange Commission today announced a whistleblower award of more than $1.7 million to a company insider who provided the agency with critical information to help stop a fraud that would have otherwise been difficult to detect. […]

Overseas Stock Manipulator Settles SEC Charges

(HedgeCo.Net) An overseas stock manipulator has agreed to pay nearly $800,000 and be permanently barred from involvement in penny stocks after hiding his significant stake in a small oil & gas company while secretly funding a fraudulent promotional campaign that […]

SEC Files Charges to Stop Fraudulent Misuse of Cancer-Fighting Investments to Fund Businesses

(HedgeCo.Net) The Securities and Exchange Commission today filed charges to stop an alleged ongoing fraud by a Massachusetts businessman misusing investments intended for the development of cancer diagnostic tests to instead pay personal expenses and fund his fiancée’s restaurant businesses. […]

SEC Files Fraud Charges Against Former Brokers Targeting Federal Retirees

(HedgeCo.Net) The Securities and Exchange Commission today charged four former Atlanta-area brokers with fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan (TSP) retirement accounts into higher-fee, variable annuity products. The SEC’s enforcement action comes […]

Halliburton Paying $29.2 Million to Settle FCPA Violations

(HedgeCo.Net) The Securities and Exchange Commission today charged Halliburton Company with violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA) while selecting and making payments to a local company in Angola in […]

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