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Category Archives: HedgeCo News

SEC Charges Investment Adviser and CEO With Misleading Retail Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged a Connecticut-based investment advisory firm and its chief executive officer with putting $19 million of investor money, including elderly investors’ retirement savings and pension plans, in risky investments and secretly pocketing hefty […]

BGC Financial Charged For Failure to Preserve Documents and Maintain Accurate Books and Records

HedgeCo.Net) The Securities and Exchange Commission has announced that New York-based broker-dealer BGC Financial has agreed to pay a $1.25 million penalty to settle charges that it failed to preserve audio files sought by the SEC and inaccurately recorded travel, […]

SEC Charges Oil Company CEO, Board Member With Hiding Personal Loans

(HedgeCo.Net) The Securities and Exchange Commission has charged the former CEO of Energy XXI Ltd. with hiding more than $10 million in personal loans that he obtained from company vendors and a candidate for Energy XXI’s board. At the time […]

SEC Files Charges in Busted Microcap Schemes

(HedgeCo.Net) The Securities and Exchange Commission has charged a stock promoter and four others involved in an alleged series of microcap fraud schemes that were foiled by FBI undercover work and an SEC trading suspension. According to the SEC’s complaint […]

CFTC makes record USD30m whistleblower award

(HedgeCo.Net) The Commodity Futures Trading Commission (CFTC) has announced an award of approximately USD30 million to a whistleblower who voluntarily provided key original information that led to a successful enforcement action. To read this article:

Minnesota Man Convicted on 21-Counts of Securities Fraud

(HedgeCo.Net) Ryan Gilbertson, a Minnesota man previously accused by the SEC of orchestrating an elaborate scheme to siphon millions of dollars from Dakota Plains Holdings, Inc., has been convicted on 21 counts of wire fraud, securities fraud, and conspiracy to […]

SEC Files Additional Charges in Fitbit Stock Manipulation Scheme

(HedgeCo.Net) The Securities and Exchange Commission today filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings. According to the SEC’s complaint, Mark E. Burns purchased Fitbit […]

SEC Obtains Final Judgment Against Investment Adviser’s Assistant

(HedgeCo.Net) A federal district court in the Western District of New York has entered a final judgment against Amherst, New York resident Lauramarie Colangelo, formerly an assistant to investment adviser Tarek D. Bahgat. The SEC’s complaint alleges that Bahgat misappropriated […]

Former Biotech Company Employee Charged with Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has charged a former research and development scientist at a California biotech company with insider trading in advance of three positive company announcements. According to the SEC’s complaint, former company scientist Gene Shen had […]

SEC Charges KBR for Inflating Key Performance Metric and Accounting Controls Deficiencies

(HedgeCo.Net) The Securities and Exchange Commission has charged global engineering and construction company KBR Inc. with inflating a key, non-financial statement performance metric known as work in backlog. KBR agreed to pay a $2.5 million penalty to settle the SEC’s […]

“Investing in a New Age”

(HedgeCo.Net) The 6th Global Family Office Investment Summit hosted by the 600-year-old Ritossa Family Office and themed “Investing in a New Age” made headlines around the world June 27-29 as the “Davos of Family Offices” and most important family office […]

Former CEO and CFO of ITT Barred and Ordered to Pay Penalties

(HedgeCo.Net) The Securities and Exchange Commission today announced settlements with two former senior executives of ITT Educational Services Inc., which the SEC charged hid its true financial condition from investors. This resolution successfully concludes the SEC’s case, which was scheduled […]

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