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Category Archives: HedgeCo News

Virginia Investor Charged With Scheming to Manipulate Stock Price

(HedgeCo.Net) The Securities and Exchange Commission has filed fraud charges against a Virginia-based mechanical engineer accused of scheming to manipulate the price of Fitbit stock by making a phony regulatory filing. According to the SEC’s complaint, Robert W. Murray purchased […]

SEC Charges Former Staffer With Securities Fraud Violations

(HedgeCo.Net) The Securities and Exchange Commission has charged a former employee with securities fraud in connection with his trading of options and other securities. The SEC’s complaint alleges that David R. Humphrey, who worked at the SEC from 1998 to […]

Hedging without Shorting

(HedgeCo.Net) In this article DITMo manager and HedgeCo columnist Peter J. de Marigny discusses how risk metrics fail and how a Pharmaceutical and/or a Risk Parity portfolio may be used as a hedging vehicle. In a bull market hedged portfolios […]

Brokerage Firm Charged With Violating Anti-Money Laundering Laws

(HedgeCO.Net) The Securities and Exchange Commission has charged a Salt Lake City-based brokerage firm with securities law violations related to its alleged practice of clearing transactions for microcap stocks that were used in manipulative schemes to harm investors. To help […]

HedgeCoVest DEPLOY Streamlines Middle and Back Office SMA Operations

(HedgeCo.Net) HedgeCoVest LLC (www.hedgecovest.com), a leading provider of managed accounts technology for advisors, today announced its new enterprise level solution, the DEPLOY Program, a fully outsourced solution to handle the day-to-day operations of an investment firm’s separately managed accounts (“SMA”) […]

Virginia-based mechanical engineer accused of scheming to manipulate the price of Fitbit stock

(HedgeCo.Net) Robert W. Murray allegedly purchased Fitbit call options just minutes before a fake tender offer that he orchestrated was filed on the SEC’s EDGAR system purporting that a company named ABM Capital LTD sought to acquire Fitbit’s outstanding shares […]

SEC Charges Brokerage Firm With Failing to Comply With Anti-Money Laundering Laws

(HedgeCo.Net) The Securities and Exchange Commission today charged a Salt Lake City-based brokerage firm with securities law violations related to its alleged practice of clearing transactions for microcap stocks that were used in manipulative schemes to harm investors. To help […]

Fee Rates Set for Fiscal Year 2017

(HedgeCo.Net) The Securities and Exchange Commission today announced that starting on July 4, 2017, the fee rates applicable to most securities transactions will be set at $23.10 per million dollars. Consequently, each SRO will continue to pay the Commission a […]

Barclays to Pay $97 Million for Overcharging Clients

(HedgeCo.Net) The Securities and Exchange Commission has announced an enforcement action requiring Barclays Capital to refund advisory fees or mutual fund sales charges to clients who were overcharged. In a settlement of more than $97 million, Barclays agreed to settle […]

Firm, CEO Settle Charges in Ponzi-Like Scheme Involving Life Settlements

(HedgeCo.Net) The Securities and Exchange Commission has announced that a New Jersey-based firm and its CEO have agreed to pay more than $4 million to settle charges that they used new investor money to repay earlier investors in Ponzi-like fashion […]

Former Head Traders at Nomura Charged With Fraud

(HedgeCo.Net) The Securities and Exchange Commission has charged a pair of former head traders who ran the commercial mortgage-backed securities (CMBS) desk at Nomura Securities International Inc. with deliberately lying to customers in order to inflate the profits of the […]

Charges Filed in Trading Scheme Involving Confidential Government Information

(HedgeCo.Net) The Securities and Exchange Commission has announced charges in an alleged insider trading scheme involving tips of nonpublic information about government plans to cut Medicare reimbursement rates, which affected the stock prices of certain publicly traded medical providers or […]

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