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Category Archives: HedgeCo News

Massachusetts Businessman Charged With Using Investor Funds for Personal Expenses

(HedgeCo.Net) A Massachusetts businessman has been charged with allegedly misusing investments intended for the development of cancer diagnostic tests to instead pay personal expenses and fund his fiancée’s restaurant businesses. According to the SEC’s complaint, Patrick Muraca established two pharmaceutical […]

SEC Announces Whistleblower Award of More Than $1.7 Million

(HedgeCo.Net) The Securities and Exchange Commission today announced a whistleblower award of more than $1.7 million to a company insider who provided the agency with critical information to help stop a fraud that would have otherwise been difficult to detect. […]

Overseas Stock Manipulator Settles SEC Charges

(HedgeCo.Net) An overseas stock manipulator has agreed to pay nearly $800,000 and be permanently barred from involvement in penny stocks after hiding his significant stake in a small oil & gas company while secretly funding a fraudulent promotional campaign that […]

SEC Files Charges to Stop Fraudulent Misuse of Cancer-Fighting Investments to Fund Businesses

(HedgeCo.Net) The Securities and Exchange Commission today filed charges to stop an alleged ongoing fraud by a Massachusetts businessman misusing investments intended for the development of cancer diagnostic tests to instead pay personal expenses and fund his fiancée’s restaurant businesses. […]

SEC Files Fraud Charges Against Former Brokers Targeting Federal Retirees

(HedgeCo.Net) The Securities and Exchange Commission today charged four former Atlanta-area brokers with fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan (TSP) retirement accounts into higher-fee, variable annuity products. The SEC’s enforcement action comes […]

Halliburton Paying $29.2 Million to Settle FCPA Violations

(HedgeCo.Net) The Securities and Exchange Commission today charged Halliburton Company with violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA) while selecting and making payments to a local company in Angola in […]

SEC Announces Whistleblower Award of More Than $1.7 Million

(HedgeCo.Net) The Securities and Exchange Commission today announced a whistleblower award of more than $1.7 million to a company insider who provided the agency with critical information to help stop a fraud that would have otherwise been difficult to detect. […]

SEC Announces $2.5 Million Whistleblower Award

(HedgeCo.Net) The Securities and Exchange Commission today announced an award of nearly $2.5 million to an employee of a domestic government agency whose whistleblower tip helped launch an SEC investigation and whose continued assistance enabled the SEC to address a […]

SEC Bars Lawyer Who Committed Fraud

(HedgeCo.NET) The Securities and Exchange Commission has barred a New York-based attorney from appearing or practicing before it and acting as an officer or director of a public company after finding that he made false and misleading statements in corporate […]

Mystery Bond Trader Nets $10m on Treasury Strangle Gamble

(Bloomberg) The unknown bond trader who placed a potentially record wager in the Treasury options market may have just netted a $10 million profit. The $10 million worth of put and call options on 10-year Treasury futures that the trader […]

Federal Regulatory Agencies Announce Coordination of Reviews for Certain Foreign Funds Under Volcker Rule

(HedgeCo.Net) Five federal financial regulatory agencies have announced that they are coordinating their respective reviews of the treatment of certain foreign funds under section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule, and the agencies’ implementing regulations. […]

SEC Bars Lawyer Who Committed Fraud

(HedgeCo.Net) The Securities and Exchange Commission today barred a New York-based attorney from appearing or practicing before it and acting as an officer or director of a public company after finding that he made false and misleading statements in corporate […]

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