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Category Archives: HedgeCo News

PIMCO settles for $20 million after misleading investors

(HedgeCo.Net) The Securities and Exchange Commission today announced that investment management firm Pacific Investment Management Company (PIMCO) agreed to retain an independent compliance consultant and pay nearly $20 million to settle charges that it misled investors about the performance of […]

SEC Votes to Renew Equity Market Structure Advisory Committee

(HedgeCo.Net) The Securities and Exchange Commission today announced that the Commission voted to renew the Equity Market Structure Advisory Committee’s charter until August 2017 with the current membership. The committee’s charter was originally scheduled to expire in February 2017. The […]

Chief Accountant James Schnurr to Leave SEC

(HedgeCo.Net) The Securities and Exchange Commission today announced that Chief Accountant James Schnurr intends to retire from the agency. Mr. Schnurr began his tenure as the SEC’s chief accountant in October 2014. During his tenure, Mr. Schnurr was committed to […]

SEC Names Wesley R. Bricker as Chief Accountant

(HedgeCo.Net) The Securities and Exchange Commission has announced that Wesley R. Bricker will become the Chief Accountant and succeeds James Schnurr who plans to retire from the agency. Mr. Bricker has served as Deputy Chief Accountant for the accounting group […]

SEC Approves Plan to Create Consolidated Audit Trail

(HedgeCo.Net) The Securities and Exchange Commission today voted to approve a national market system (NMS) plan to create a single, comprehensive database known as the consolidated audit trail (CAT) that will enable regulators to more efficiently and thoroughly track all […]

SEC Trading and Markets Director Stephen Luparello Steps Down

(HedgeCo.Net) The Securities and Exchange Commission today announced that Stephen Luparello, Director of the Division of Trading and Markets, will leave the agency by the first of the year. He was named director of the office in February 2014. Mr. […]

SEC Charges Renewable Energy Company, CEO, and Others With Defrauding Investors

(HedgeCo.Net) The Securities and Exchange Commission today filed fraud charges against four individuals and others who allegedly profited by defrauding investors in a cash-strapped California-based renewable energy company. Patrick Carter, the founder and CEO of 808 Renewable Energy Corp. was […]

SEC Chair Mary Jo White Announces Departure Plans

(HedgeCo.Net) SEC Chair Mary Jo White, after nearly four years as the agency’s head, today announced that she intends to leave at the end of the Obama Administration. Under Chair White’s leadership, the Commission strengthened protections for investors and the […]

Firm Charged With Misleading Investors About Binary Options Profitability

(HedgeCo.Net)— The Securities and Exchange Commission today announced that an Israeli-based firm must pay more than $1.7 million for misleading investors into trading binary options over the internet, and the agency warned that other firms may be out there actively […]

Movie Producer Charged With Defrauding Hedge Fund Investors

(HedgeCo.Net) The Securities and Exchange Commission today charged a former movie producer and self-proclaimed private equity executive with defrauding investors in hedge funds and using the money he stole to support his extravagant lifestyle. According to the SEC’s complaint, David […]

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

(hedgeCo.Net) The Securities and Exchange Commission has 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 […]

SEC: Investment Adviser Fraudulently Overbilled Clients, Stole Assets for Personal Expenses

(HedgeCo.Net) The Securities and Exchange Commission today charged a Los-Angeles based investment advisory firm and its owner with fraudulently overbilling clients and stealing assets from their trusts to pay such personal expenses as his home mortgage, overseas trips, and leases […]

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