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Category Archives: HedgeCo News

Portfolio Manager Charged With Diverting Nearly $2 Million to Personal Account

(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority. The SEC’s complaint alleges […]

Whistleblower Award of More Than Half-Million Dollars for Company Insider

(HedgeCo.Net) The Securities and Exchange Commission today announced that a company insider has earned a whistleblower award of more than $500,000 for reporting information that prompted an SEC investigation into well-hidden misconduct that resulted in an SEC enforcement action. “This […]

Executives Charged in Connection With Accounting Failures at Government Contractor

(HedgeCo.Net) The Securities and Exchange Commission today announced charges against two former executives at a government contractor that was the subject of an SEC enforcement action earlier this year and paid a $1.6 million penalty for accounting failures. The SEC […]

SEC Charges EB-5 Operator With Securities Fraud

(HedgeCo.Net) The Securities and Exchange Commission today announced that an Idaho man has agreed to pay back several million dollars he siphoned away for personal use rather than investing it as promised to create U.S. jobs through the EB-5 Immigrant […]

Investment Bank VP Charged With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today charged a vice president in the risk management department of a New York-based investment bank with insider trading on confidential information he learned in advance of a private equity firm’s acquisition of a […]

SEC Awards Nearly $4 Million to Whistleblower

(HedgeCo.Net) The Securities and Exchange Commission today announced an award of nearly $4 million to a whistleblower who tipped the agency with detailed and specific information about serious misconduct and provided additional assistance during the ensuing investigation, including industry-specific knowledge […]

Broker Charged With Defrauding Customers

(HedgeCo.Net) The Securities and Exchange Commission today charged a former broker with knowingly or recklessly trading unsuitable investment products in the accounts of five customers and misappropriating more than $170,000 from one of those customers. The SEC’s complaint alleges that […]

Portfolio Manager Charged With Diverting Nearly $2 Million to Personal Account

(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority. The SEC’s complaint alleges […]

SEC Adopts T+2 Settlement Cycle for Securities Transactions

(HedgeCo.Net) The Securities and Exchange Commission has approved an amendment to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions. Currently, the standard settlement cycle for these transactions is three business days, known as T+3. […]

SEC Charges Firms Involved in Layering, Manipulation Schemes

(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against a Ukraine-based trading firm accused of manipulating the U.S. markets hundreds of thousands of times and the New York-based brokerage firm and CEO who allegedly helped make it possible. […]

Pastor Charged With Exploiting Investors

(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze obtained against a Michigan-based pastor accused of exploiting church members, retirees, and laid-off auto workers who were misled to believe they were investing in a […]

Arizona-Based Brokerage Firm Settles Gatekeeper Failures

(HedgeCo.Net) The Securities and Exchange Commission today announced that an Arizona-based brokerage firm, its CEO, and its former underwriter’s counsel have agreed to settle charges related to municipal bond offerings they were underwriting that turned out to be fraudulent. The […]

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