Hedge Fund News From HedgeCo.Net


Category Archives: HedgeCo News

BNY Mellon to Pay More Than $54 Million for Improper Handling of ADRs

(HedgeCo.Net) The Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign company – require a […]

SEC Brings Charges in Edgar Hacking Case

(HedgeCo.Net) The Securities and Exchange Commission today announced charges against nine defendants for participating in a previously disclosed scheme to hack into the SEC’s EDGAR system and extract nonpublic information to use for illegal trading. The SEC charged a Ukrainian […]

Husband of Investment Banker Charged with Insider Trading

(HedgeCo.Net) The husband of a New York-based banking consultant has been charged with insider trading in advance of an airline merger based on confidential information he learned by eavesdropping on the phone conversations of his then-fiancé, who was an investment […]

SEC Charges Audit Firm and Suspends Accountants for Deficient Audits

(HedgeCo.Net) The Securities and Exchange Commission has settled charges against national audit firm Crowe LLP, two of its partners, and two partners of a now-defunct audit firm for their significant failures in audits of Corporate Resource Services Inc., which went […]

Orange County Investment Adviser Charged With Defrauding Clients

(HedgeCo.Net) A Laguna Niguel, California investment adviser has been charged with misappropriating client funds and misleading his clients about how their money was invested and how their investments were performing. The SEC is seeking an asset freeze and the appointment […]

Two Advisory Firms, CEO Charged With Mutual Fund Share Class Disclosure Violations

(HedgeCo.Net) Two New York-based investment advisers will collectively pay more than $1.8 million, which will be returned to harmed investors. According to the SEC’s orders, American Portfolios Advisers Inc., PPS Advisors Inc., and PPS’s Chief Executive Officer and Chief Investment […]

JPMorgan to Pay More Than $135 Million for Improper Handling of ADRs

(HedgeCo.Net) The Securities and Exchange Commission has announced that JPMorgan Chase Bank N.A. will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of […]

Top hedge fund industry trends for 2019

(HedgeCo.Net) The hedge fund industry is dynamic, and participants are best served by anticipating, rather than reacting to, change. Informed by our contact with more than two thousand institutional investors and hundreds of hedge fund organizations, the following is Agecroft’s […]

SEC Settles Charges with Previously Barred N.Y. Adviser

(HedgeCo.Net) The Securities and Exchange Commission has agreed to resolve its claims against Walter F. Grenda, Jr., who was charged with violating a July 2015 Commission order barring him from association with an investment adviser and with aiding and abetting […]

Top Hedge Fund Industry trends for 2019 – Agecroft Partners

(HedgeCo.Net) The hedge fund industry is dynamic, and participants are best served by anticipating, rather than reacting to, change. Informed by our contact with more than two thousand institutional investors and hundreds of hedge fund organizations, the following is Agecroft’s […]

SEC Charges Two Robo-Advisers With False Disclosures

(HedgeCo.Net) The Securities and Exchange Commission have instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising. The proceedings are the SEC’s first enforcement actions against robo-advisers, which provide automated, software-based portfolio management […]

SEC Files Subpoena Enforcement in Possible Market Manipulation Scheme

(HedgeCo.Net) The Securities and Exchange Commission has filed a subpoena enforcement action against three penny-stock companies and their CEO – Cherubim Interests, Inc. (CHIT), PDX Partners, Inc. (PDXP), Victura Construction Group, Inc. (VICT), and Patrick Jevon Johnson – seeking an […]

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