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Category Archives: HedgeCo News

Final Judgments Handed Down Against Three Former Executives of Brokerage Consulting Business in Transition Management Fraud

(HedgeCo.Net) The Securities and Exchange Commission has obtained final judgments against three former senior executives of the now-defunct brokerage consulting business, Global Transition Solutions, LLC (GTS), for their roles in a multimillion dollar transition management fraud. The SEC previously charged […]

SEC Announces Fraud Charges in Startup Company Investment Scheme

(HedgeCo.Net) The Securities and Exchange Commission has announced an emergency action charging a former Boston, Massachusetts resident and his company with defrauding retail investors by promising to invest their money in start-up companies with high returns, while instead using hundreds […]

Investment Adviser Charged for Failing to Disclose Conflicts Arising from Revenue Sharing

(HedgeCo.Net) The Securities and Exchange Commission has charged Commonwealth Equity Services, LLC d/b/a Commonwealth Financial Network (Commonwealth), a registered investment adviser and broker-dealer based in Waltham, Massachusetts, with failing to disclose material conflicts of interest related to revenue sharing Commonwealth […]

Brixmor Property Group Inc. and Former Senior Executives Charged with Accounting Fraud

(HedgeCo.Net)The Securities and Exchange Commission has charged Brixmor Property Group Inc., a publicly-traded real estate investment trust, and four former senior executives with fraud in connection with a scheme to manipulate a key non-GAAP metric relied on by analysts and […]

CFTC Charges Trader with Spoofing in Financial Futures Markets

(HedgeCo.Net) The U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Benjamin Cox, a trader and CFTC-registered floor broker based in Chicago, Illinois, for engaging in spoofing in the Chicago Mercantile Exchange (CME) E-mini S&P […]

SEC Bars Hedge Fund Manager Charged with Asset Mismarking and Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against a hedge fund manager the agency charged with falsely inflating assets in portfolios he managed. The SEC also barred him from the securities industry. According to the SEC’s […]

Principal of Binary Options Trading Firm Ordered to Pay $200K for Illegal Off-Exchange Trading

(HedgeCo.Net) U.S. Commodity Futures Trading Commission has issued an order filing and settling charges against Curtis Dalton of Middleton, Massachusetts, requiring him to pay $200,000 for offering illegal off-exchange retail commodity transactions to U.S. and overseas customers while failing to […]

Utah Man Charged With Defrauding Investors in a Ponzi Scheme

(HedgeCo.Net) According to a complaint filed by the SEC, from at least December 2016 through April 2018, Landon M. Smith of Salt Lake City allegedly operated a fraudulent scheme that raised nearly $2.5 million from over fifty investors. To entice […]

Two Former Traders Admit To Engaging in Spoofing and Manipulation at New York Banks

(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has issued two orders filing and settling charges against former traders at separate financial institutions who entered into formal cooperation agreements with the CFTC’s Division of Enforcement (Division) and admitted to spoofing and […]

SEC Awards Half-Million Dollars to Overseas Whistleblower

(HedgeCo.Net) The Securities and Exchange Commission has announced a half-million dollar award to an overseas whistleblower whose expeditious reporting helped the Commission bring a successful enforcement action. “The Commission’s whistleblower award program has reached an important milestone,” said Jane Norberg, […]

Facebook to Pay $100 Million for Misleading Investors About the Risks It Faced From Misuse of User Data

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Facebook Inc. for making misleading disclosures regarding the risk of misuse of Facebook user data. For more than two years, Facebook’s public disclosures presented the risk of misuse of user […]

SEC Charges Engine Manufacturing Company Executives With Accounting Fraud

(HedgeCo.Net) The Securities and Exchange Commission has charged the former chief executive officer of a Chicago-area engine manufacturing company and two former senior sales executives for their roles in an accounting fraud that allegedly overstated the publicly-traded company’s revenues by […]

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