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Category Archives: HedgeCo News

Merrill Lynch Paying $10 Million Penalty for Misleading Investors in Structured Notes

(HedgeCo.Net) — The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay a $10 million penalty to settle charges that it was responsible for misleading statements in offering materials provided to retail investors for structured notes […]

SEC Charges “Frack Master” With Running an $80 Million Oil and Gas Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged four companies and eight individuals in an $80 million oil and gas fraud orchestrated by a Dallas man who calls himself the “Frack Master” for his purported expertise in hydraulic fracturing. The […]

Merrill Lynch to Pay $415 Million for Misusing Customer Cash and Putting Customer Securities at Risk

(HedgeCO.NET) — The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay $415 million and admit wrongdoing to settle charges that it misused customer cash to generate profits for the firm and failed to safeguard customer […]

SEC Sues UK-Based Trader for Account Intrusion Scheme

(HedgeCo.Net) — The Securities and Exchange Commission today announced it has obtained an emergency court order to freeze the assets of a United Kingdom resident charged with intruding into the online brokerage accounts of U.S. investors to make unauthorized stock […]

SEC Halts Scheme Defrauding Pro Athletes

(HedgeCo.Net)— The Securities and Exchange Commission today announced that it has obtained a court order freezing the assets of an investment adviser it has charged with secretly siphoning millions of dollars from accounts he managed for professional athletes and investing […]

Muni Advisors Acted Deceptively With California School Districts

(HedgeCo.Net) The Securities and Exchange Commission today announced that two California-based municipal advisory firms and their executives have agreed to settle charges that they used deceptive practices when soliciting the business of five California school districts. An SEC investigation found […]

SEC Approves IEX Proposal to Launch National Exchange, Issues Interpretation on Automated Securities Prices Staff Issues Guidance on Speed Bumps

(HedgeCo.Net) The Securities and Exchange Commission today approved Investors’ Exchange LLC’s (IEX) application to register as a national securities exchange. At the same time, the Commission issued an updated interpretation that will require trading centers to honor automated securities prices […]

Private Fund Administrator Charged With Gatekeeper Failures

(HedgeCo.Net)— The Securities and Exchange Commission today announced that a firm providing administrative services to private funds has agreed to pay more than $350,000 to settle charges that it failed to heed red flags and correct faulty accounting by two […]

Digital First Media Workers Take on Alden Global Capital Hedge Fund

(HedgeCo.Net) Digital First Media workers and advocates for responsible and quality journalism are launching a campaign to demand investor transparency by Alden Global Capital, the hedge fund that purchased Digital First Media newspapers and properties beginning in 2009. Alden has […]

Muni Advisors Acted Deceptively With California School Districts

(HedgeCo.Net)— The Securities and Exchange Commission today announced that two California-based municipal advisory firms and their executives have agreed to settle charges that they used deceptive practices when soliciting the business of five California school districts. An SEC investigation found […]

Investment Fraud Victims Include Online Daters

(HedgeCo.Net) — The Securities and Exchange Commission today announced fraud charges and an asset freeze obtained against a Connecticut man accused of misleading people into investing in his company and then taking their money for his personal use. His victims […]

SEC to Permit Voluntary Filing Using Inline XBRL

(HedgeCo.Net) — The Securities and Exchange Commission today announced that it will allow companies to voluntarily file structured financial statement data in a format known as Inline XBRL. This initiative represents another step in the SEC’s continuing efforts to modernize […]

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