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Category Archives: HedgeCo News

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 […]

SEC Enforcement Director To Leave the Agency

(HedgeCo.Net) The Securities and Exchange Commission today announced that Enforcement Director Andrew J. Ceresney will leave the agency by the end of the year. During his nearly four years as head of the agency’s largest division, Mr. Ceresney implemented approaches […]

SEC Names Dr. Narahari Phatak Associate Director for Policy in the Division of Economic and Risk Analysis

(hedgeCo.Net) — The Securities and Exchange Commission today announced that Dr. Narahari Phatak has been named Associate Director for Policy in the Division of Economic and Risk Analysis (DERA). As Associate Director, Dr. Phatak will direct the development of economic […]

Northern Trust Wins Award for Hedge Fund Administration

(HedgeCo.Net) Northern Trust announced today it has received the Hedge Fund Administrator of the Year award from Custody Risk magazine. “We are proud to receive this honor from Custody Risk magazine, highlighting our expertise, robust technology, and ability to service […]

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 […]

SEC Awards Nearly $1 Million to Whistleblower

(HedgeCo.Net) The Securities and Exchange Commission today announced an award of more than $900,000 to a whistleblower whose tip enabled the SEC to bring multiple enforcement actions against wrongdoers. “With the issuance of this second award in less than one […]

Firm Settles Charges for Selling Unregistered Swaps Involving Pre-IPO Companies

(HedgeCo.Net) The Securities and Exchange Commission today announced that a San Francisco-based firm agreed to settle charges that it violated federal securities laws by failing to register security-based swaps that were offered and sold online to shareholders in pre-IPO companies. […]

Firm Settles Charges for Selling Unregistered Swaps Involving Pre-IPO Companies

(HedgeCo.Net) The Securities and Exchange Commission today announced that a San Francisco-based firm agreed to settle charges that it violated federal securities laws by failing to register security-based swaps that were offered and sold online to shareholders in pre-IPO companies. […]

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