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Category Archives: HedgeCo News

Alleged Unregistered Broker Charged For Illegally Brokering Sales of EB-5 Securities

(Hedgeco.Net) The Securities and Exchange Commission has charged a New York-based company with illegally brokering dozens of investments by foreign nationals seeking U.S. residency. Between April 2014 and March 2017, Edwin Shaw LLC solicited foreign nationals to invest in securities […]

SEC Charges Brokerage Firm, Investment Manager, CEO, and Others for Manipulative Trading in U.S. Microcap Stocks

(HedgeCo.Net) The Securities and Exchange Commission has announced securities fraud charges against a U.K.-based broker-dealer and its investment manager in connection with manipulative trading in the securities of HD View 360 Inc., a U.S.-based microcap issuer. The SEC also announced […]

SEC Charges Ameriprise With Overcharging Retirement Account Customers for Mutual Fund Shares

(HedgeCo.Net) The Securities and Exchange Commission has announced that a Minnesota-based broker-dealer and investment adviser has agreed to settle charges for recommending and selling higher-fee mutual fund shares to retail retirement account customers and for failing to provide sales charge […]

SEC Obtains Bars and Suspensions Against Individuals and Accounting Firm

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against three Israeli residents, a Washington, D.C. attorney, and an Israeli auditor and his Maryland-based accounting firm for their roles in a fraudulent scheme in the creation of numerous public shell […]

SEC Suspends Trading in Three Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology

(HedgeCo.Net) The Securities and Exchange Commission has suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension orders state that recent press releases issued by […]

SEC Votes to Modify Compliance Date for Open-End Fund Liquidity Classification

(HedgeCo.Net) The Securities and Exchange Commission has voted to extend by six months the deadline by which open-end funds must comply with certain elements of the Commission’s liquidity risk management program rule. The new compliance date will provide funds additional […]

SEC Charges Former Bitcoin-Denominated Exchange and Operator With Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged a former bitcoin-denominated platform and its operator with operating an unregistered securities exchange and defrauding users of that exchange. The SEC also charged the operator with making false and misleading statements in […]

Deutsche Bank to Repay Misled Customers

(HedgeCo.Net) The Securities and Exchange Commission has instituted an enforcement action against Deutsche Bank Securities Inc., which has agreed to repay more than $3.7 million to customers, which includes $1.48 million that was ordered as disgorgement. The SEC’s investigation found […]

SEC Obtains Bars and Suspensions Against Individuals and Accounting Firm in Shell Factory Scheme

(HedgeCo.Net) The Securities and Exchange Commission today announced charges against three Israeli residents, a Washington, D.C. attorney, and an Israeli auditor and his Maryland-based accounting firm for their roles in a fraudulent scheme in the creation of numerous public shell […]

SEC Suspends Trading in Three Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology

(HedgeCo.Net) The Securities and Exchange Commission has suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension orders state that recent press releases issued by […]

Investor Protection, Capital Formation and Market Integrity Are Top Priorities in SEC Budget Request

(HedgeCo.Net) The Securities and Exchange Commission has announced a $1.658 billion budget request for fiscal year 2019 to support its core mission and expand oversight and enforcement in emerging areas such as financial innovation, market structure and cybersecurity. The SEC’s […]

SEC Launches Share Class Selection Disclosure Initiative to Encourage Self-Reporting and the Prompt Return of Funds to Investors

(Hedgeco.Net) The Division of Enforcement of the Securities and Exchange Commission has announced a self-reporting initiative that seeks to protect advisory clients from undisclosed conflicts of interest and return money to investors. Under the Share Class Selection Disclosure Initiative (SCSD […]

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