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Category Archives: HedgeCo News

SEC Names Timothy Husson Associate Director in the Division of Investment Management’s Risk and Examinations Office

(HedgeCo.Net) The Securities and Exchange Commission today named Timothy Husson Associate Director in the Division of Investment Management’s Risk and Examinations Office. As Associate Director, Dr. Husson will oversee the management and operations of key data analysis and examination projects […]

Chinese Traders Charged With Trading on Hacked Nonpublic Information Stolen From Two Law Firms

(HedgeCo.Net) The Securities and Exchange Commission has charged three Chinese traders with fraudulently trading on hacked nonpublic market-moving information stolen from two prominent New York-based law firms, racking up almost $3 million in illegal profits. The SEC also is seeking […]

Businessman Settles Charges of Fraudulent EB-5 Offering

(HedgeCo.Net) The Securities and Exchange Commission today announced that a Florida-based businessman has agreed to settle charges that he misused investor funds intended to create U.S. jobs through the EB-5 Immigrant Investor Program. The SEC alleges that Jason Adam Ogden, […]

California Lawyer Charged With Defrauding Investors

(HedgeCo.Net) The Securities and Exchange Commission today charged a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their money to buy a yacht and prop up his other businesses. The SEC alleges that […]

Former New York Pension Official and Two Brokers Charged in Pay-to-Play Scheme

(HedgeCo.Net)— The Securities and Exchange Commission today announced fraud charges against a former official of the nation’s third largest public pension fund and two brokers accused of orchestrating a pay-to-play scheme to steer billions of dollars to certain firms in […]

Teva Pharmaceutical Paying $519 Million to Settle FCPA Charges

(HedgeCo.Net) The Securities and Exchange Commission has announced that Teva Pharmaceutical Industries Limited has agreed to pay more than $519 million to settle parallel civil and criminal charges that it violated the Foreign Corrupt Practices Act by paying bribes to […]

Alleged Fake Day-Trading Firm Charged With defrauding Inexperienced Investors

(HedgeCo.Net) The Securities and Exchange Commission today charged two men behind a phony day-trading firm with pocketing more than $1.4 million in deposits from hundreds of defrauded investors worldwide. The SEC alleges that Naris Chamroonrat of Bangkok, Thailand, recruited Adam […]

Former New York Pension Official and Two Brokers Charged in Pay-to-Play Scheme

(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against a former official of the nation’s third largest public pension fund and two brokers accused of orchestrating a pay-to-play scheme to steer billions of dollars to certain firms in […]

Morgan Stanley Hit With With Customer Protection Rule Violations

(HedgeCo.Net) The Securities and Exchange Commission today announced that Morgan Stanley & Co. LLC has agreed to pay $7.5 million to settle charges it used trades involving customer cash to lower the firm’s borrowing costs in violation of the SEC’s […]

SEC Charges Platinum Funds and Founder With Defrauding Investors

(HedgeCo.Net) The Securities and Exchange Commission today charged the founder of Platinum Partners and two of its flagship hedge fund advisory firms with conducting a fraudulent scheme to inflate asset values and illicitly move investor money to cover losses and […]

SEC Charges Three Individuals and Broker-Dealer With Violating Market Structure Rules

(HedgeCo.Net)— The Securities and Exchange Commission today announced settled cease-and-desist proceedings against the CEO of a Utah-based broker-dealer and two registered persons associated with the firm for causing the firm’s violations of SEC market structure rules, and contested administrative and […]

SEC Files Charges in $26 Million Stock Manipulation Scheme

(HedgeCo.Net) The Securities and Exchange Commission today charged two New Jersey-based traders with manipulating more than 2,000 NYSE- and NASDAQ-traded stocks and reaping more than $26 million in profits from their successful trades. The SEC alleges that Joseph Taub and […]

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