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Category Archives: HedgeCo News

SEC Shuts Down $345 Million Fraud and Obtains Asset Freeze

(HedgeCo.Net) The Securities and Exchange Commission has announced it has obtained a court order halting an ongoing Ponzi-like scheme that raised more than $345 million from over 230 investors across the U.S. The SEC also obtained an emergency asset freeze […]

Michigan Registered Representative Charged with Misappropriating Brokerage Customer Funds

(HedgeCo.Net) The Securities and Exchange Commission charged a former registered representative with defrauding his brokerage customers – including many elderly retirees and unsophisticated investors – out of more than $2.7 million in a multi-year investment scam. According to the SEC’s […]

SeaWorld and Former CEO to Pay More Than $5 Million to Settle Fraud Charges Company, Two Former Executives Charged With Misleading Investors

(HedgeCo.Net) The Securities and Exchange Commission has announced that SeaWorld Entertainment Inc. and its former CEO have agreed to pay more than $5 million to settle fraud charges for misleading investors about the impact the documentary film Blackfish had on […]

Citigroup and Affiliate Ordered to Pay More Than $12 Million in Disgorgement and Penalties

(HedgeCo.Net) Citigroup Global Markets Inc. allegedly misled users of a dark pool operated by one of its affiliates. The SEC’s order found that Citigroup misled users with assurances that high-frequency traders were not allowed to trade in Citi Match, a […]

SEC Charges Investment Advisers With Defrauding Retail Advisory Clients

(HedgeCo.Net) The Securities and Exchange Commission has charged an Indianapolis-based investment advisory firm and its sole owner with selling approximately $13 million of high-risk securities to more than 120 advisory clients – many of whom are current or former teachers […]

Broker-Dealer to Pay $2.75 Million Penalty for Providing Deficient Blue Sheet Data

(HedgeCo.Net) The Securities and Exchange Commission today announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and deficient securities trading […]

Hedge Fund Adviser Charged With Short-and-Distort Scheme

(HedgeCo.Net) The Securities and Exchange Commission today charged a hedge fund adviser and his investment advisory firm with illegally profiting from a scheme to drive down the price of San Diego-based Ligand Pharmaceuticals Inc., reaping more than $1.3 million of […]

Digital Asset Hedge Fund Manager Charged With Misrepresentations and Registration Failures

(HedgeCo.Net) The Securities and Exchange Commission today announced its first-ever enforcement action finding an investment company registration violation by a hedge fund manager based on its investments in digital assets. The SEC entered an order finding that Crypto Asset Management […]

Two Brokers Charged With Defrauding Customers

(HedgeCo.Net) The Securities and Exchange Commission charged two brokers for recommending excessive levels of trading that were costly for retail customers but lucrative for the brokers. In separate complaints filed in federal court in Manhattan on Friday, the SEC alleges […]

SEC Awards More Than $54 Million to Two Whistleblowers

(HedgeCo.Net) The Securities and Exchange Commission is awarding $39 million to one whistleblower and $15 million to another whose critical information and continued assistance helped the agency bring an important enforcement action. The $39 million award is the second-largest award […]

SEC Charges Two Men With Fraud in Fake Trading Accounts Scheme

(HedgeCo.Net) The Securities and Exchange Commission today charged two Michigan men with fraud for their roles in a fake accounts scheme perpetrated by a phony day-trading firm, Nonko Trading. The SEC alleges that Jeffrey Goldman of West Bloomfield, Michigan, and […]

N.Y. Advisory Firm and Principal Charged with Fraud Relating to Association with Barred Adviser

(HedgeCo.Net) The Securities and Exchange Commission has charged a Buffalo, N.Y., investment advisory firm and its owner for misleading firm clients about its association with a barred investment adviser, who is also being charged for violating the bar. The SEC’s […]

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