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Category Archives: HedgeCo News

Investment Adviser Charged With Failing to Clearly Disclose Additional Costs to Investors

(Hedgeco.Net) The Securities and Exchange Commission has announced an enforcement action against an investment advisory firm that failed to properly prepare clients for additional transaction costs beyond the “wrap fees” they pay to cover the cost of several services bundled […]

SEC Charges Cardiologist With Insider Trading on Confidential Drug Trial Developments

(HedgeCo.Net)— The Securities and Exchange Commission today charged a cardiologist with insider trading on confidential developments as he worked on a clinical drug trial. The SEC alleges that Dr. Edward Kosinski of Weston, Connecticut, traded in advance of two negative […]

Investment Banker and Plumber Charged With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has announced insider trading charges against an investment banker and his close friend, a plumber who allegedly helped remodel his bathroom and put cash in his gym bag in return for illicit tips about […]

Investor Funds Stolen for Shopping Sprees

(HedgeCo.Net) The Securities and Exchange Commission has announced an asset freeze it has obtained against three men who aren’t registered to sell investments and allegedly went on lavish shopping sprees with more than $5 million raised from investors to purportedly […]

SEC Halts Ponzi Scheme Aimed at Middle Class

(HedgeCo.Net) The Securities and Exchange Commission has charged two California men and their investment firm with operating a Ponzi scheme as they purported to specialize in serving middle-class investors and securing exorbitant returns by investing in hot pre-IPO stocks. The […]

Agile Fund Solutions expands team in Southern California as industry specialists join their hedge fund CFO business.

(HedgeCo.Net) “Southern California presents a major opportunity for Agile. Greg is a veteran player in the SoCal market and has overseen hedge funds and family offices across all size scales,” said Vincent Calcagno, CEO. “Coupled with Andi’s experience serving hedge […]

SEC Obtains Asset Freeze in Case of Investor Funds Stolen for Shopping Sprees

(HedgeCo.Net) The Securities and Exchange Commission today announced an asset freeze it has obtained against three men who aren’t registered to sell investments and allegedly went on lavish shopping sprees with more than $5 million raised from investors to purportedly […]

Five whistleblowers receive more than $26 million,

(HedgeCo.Net)— The Securities and Exchange Commission has announced a whistleblower award of more than $17 million to a former company employee whose detailed tip substantially advanced the agency’s investigation and ultimate enforcement action. The award is the second-largest issued by […]

State Street Allegedly Misled Custody Clients About Prices for Foreign Currency Exchange Trades

(HedgeCo.Net) The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay $382.4 million in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency […]

SEC Halts Ongoing Fraudulent Stock Scheme

(HedgeCo.Net) The Securities and Exchange Commission today announced it has won a court-ordered asset freeze to halt an ongoing fraud by two former brokers with disciplinary histories who allegedly raised more than $5 million from investors without using the money […]

SEC Charges Father and Son and Their Investment Advisory Firms with Defrauding Hedge Fund Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged two residents of Alpharetta, Georgia, Thomas D. Conrad, Jr. and his son, Stuart P. Conrad, and their two unregistered advisory firms, Financial Management Corporation (“FMC”) and Financial Management Corporation, S.R.L. (“FMC Uruguay”), […]

Investment Fund Manager Sentenced to Fifteen Months in Federal Prison for Obstructing SEC Investigation

(HedgeCo.Net) A defendant in a SEC enforcement action was sentenced to fifteen months in prison in a parallel criminal case after pleading guilty to charges that he obstructed justice in an investigation conducted by the SEC. Vineet Kalucha, whose sentence […]

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