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Category Archives: HedgeCo News

Pharmaceutical Company Paying Penalty for Misleading Investors About Sales Metric

(HedgeCo.Net) Aegerion Pharmaceuticals, now a subsidiary of Novelion Therapeutics, has agreed to pay a $4.1 million penalty to settle the charges that it misled investors on multiple occasions in 2013. The SEC’s complaint alleges that Aegerion told investors that the […]

Telecommunications Company Paying $965 Million For FCPA Violations

(HedgeCo.Net) Sweden-based telecommunications provider Telia Company AB has agreed to pay $965 million in a global settlement with the Securities and Exchange Commission, U.S. Department of Justice, and Dutch and Swedish law enforcement to resolve charges related to violations of […]

CEO Charged With Using Secret Accounts for Insider Trading in Company Stock

(HedgeCo.Net) The Securities and Exchange Commission today charged the former CEO of a Silicon Valley-based fiber optics company with insider trading in company stock by using secret brokerage accounts held in the names of his wife and brother. The SEC […]

Adviser Charged With Stealing Investor Funds

(HedgeCo.Net) The Securities and Exchange Commission has charged a New Jersey-based tax preparer and investment adviser with stealing more than $1 million from clients to support his gambling habit and other personal expenditures. The SEC alleges that Scott Newsholme of […]

Former Amazon Employee and College Friend Charged With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against a former Amazon financial analyst who allegedly leaked confidential information to his former fraternity brother in advance of a company earnings announcement so they could turn an illegal […]

SunTrust Charged With Improperly Recommending Higher-Fee Mutual Funds

(HedgeCo.Net) The Securities and Exchange Commission today charged the investment services subsidiary of SunTrust Banks with collecting more than $1.1 million in avoidable fees from clients by improperly recommending more expensive share classes of various mutual funds when cheaper shares […]

SEC Monitoring Impact of Hurricane Irma on Capital Markets, Continues to Monitor Impact of Hurricane Harvey

(HedgeCo.Net) The Securities and Exchange Commission is closely monitoring of the impact of Hurricane Irma on investors and capital markets, and continues to monitor the impacts of Hurricane Harvey. “As we are doing in areas affected by Hurricane Harvey, the […]

Former Amazon Employee and College Friend Charged With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today announced insider trading charges against a former Amazon financial analyst who allegedly leaked confidential information to his former fraternity brother in advance of a company earnings announcement so they could turn an illegal […]

State Street Paying Penalties to Settle Fraud Charges and Disclosure Failures

(HedgeCo.Net) The Securities and Exchange Commission today announced that State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups for transition management services and separately omitted material information about the operation […]

SmartX Announces the Addition of BlackRock, Morningstar Investment Management, Nasdaq Dorsey Wright HedgeCoVest is now SmartX Advisory Solutions

(HedgeCo.Net) SmartX Advisory Solutions, a leading technology firm formerly known as HedgeCoVest, today announced the addition of twenty-seven investment strategies to its managed accounts platform, including models offered by Blackrock, Morningstar Investment Management, and Nasdaq Dorsey Wright. The new investment […]

Are There Still Opportunities in Structured Credit Hedge Fund Strategies

(HedgeCo.Net) Hedge fund managers focused on structured credit strategies can be simplistically divided into two categories: beta managers or alpha generators. Many investors believe the beta opportunity born out of the financial crisis has substantially run its course. As such, […]

KPMG Pays $6.2 Million to Settle Charges Centered Around Audit Failures

(HedgeCo.Net) The Securities and Exchange Commission has announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being […]

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