Hedge Fund News From HedgeCo.Net

Category Archives: HedgeCo News

SEC Charges Penny-Stock Operators in Push to Crack Down on Repeat Offenders

(HedgeCo.Net) The Securities and Exchange Commission today charged two individuals with defrauding investors in penny stock companies that claimed to have valuable patents. One of those charged had been barred from the penny stock business based on his role in […]

Is This the Time to Consider Reinsurance for a Diversified Hedge Fund Portfolio?

(HedgeCo.Net) Most institutional investors understand the uncorrelated, diversification benefits of property catastrophe reinsurance. Many have been waiting on the sidelines for a large event to happen that would drive up pricing before allocating to the strategy. The two big questions […]

Former Corporate Insider and Six Traders Charged With Insider Trading

(HedgeCo.Net) In a complaint filed in U.S. District Court in the Northern District of Illinois, the SEC alleges that Shane P. Fleming, a former vice president of sales at Life Time Fitness, learned of the merger discussions on or before […]

SEC Detects Brokers Defrauding Customers

(HedgeCo.Net) Three New York-based brokers have been charged with making unsuitable recommendations that resulted in substantial losses to customers and hefty commissions for the brokers. One of the brokers agreed to pay more than $400,000 to settle the charges. Brokers […]

Stock Market Analyst Barred for Illegally Cashing In On His Research Reports

(HedgeCo.Net) The Securities and Exchange Commission today charged a stock market analyst with insider trading prior to the publication of research reports and articles he authored with the false disclaimer that he wasn’t trading in the companies being covered. He […]

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 […]

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