Hedge Fund News From HedgeCo.Net


Category Archives: HedgeCo News

SEC Emergency Action Halts ICO Scam

(HedgeCo.Net) The Securities and Exchange Commission today announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold […]

Florida Penny Stock Operators Charged With Defrauding Elderly Investors

(HedgeCo.Net) The Securities and Exchange Commission today charged two individuals with defrauding elderly investors in a penny stock scheme involving Florida entertainment companies and their “Spongebuddy” product. The charges are part of the Miami Regional Office’s Recidivist Initiative which has […]

Long Island Town and Former Top Official Charged With Defrauding Municipal Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged Oyster Bay, New York, and its former top elected official with defrauding investors in the town’s municipal securities offerings by hiding the existence and potential financial impact of side deals with a […]

SEC files 754 enforcement actions in 2017 returning $1.07 billion to investors.

(HedgeCo.Net) In its ongoing efforts to protect Main Street investors, the Securities and Exchange Commission’s Enforcement Division has issued a report highlighting its priorities for the coming year as well as a review of enforcement actions that took place during […]

Maryland Firm Hit With $1.5-Million Penalty

(HedgeCO.Net) A Maryland-based biotech company and four former top executives with prioritizing revenue growth over lawful accounting and misleading investors in the process. The SEC alleges that Osiris Therapeutics routinely overstated company performance and issued fraudulent financial statements for a […]

Long Island Town and Former Top Official Charged With Defrauding Municipal Investors

(HedgeCo.Net) The Securities and Exchange Commission today charged Oyster Bay, New York, and its former top elected official with defrauding investors in the town’s municipal securities offerings by hiding the existence and potential financial impact of side deals with a […]

Paid to Click Scams Allegedly raise more than $38 million from 150,000 investors

(HedgeCo.Net) The Securities and Exchange Commission is warning investors to beware online “paid-to-click” scams that promise an easy payday by merely purchasing a membership or an advertising product up front and then clicking on a certain number of online ads […]

SEC Enforcement Efforts Return $1.07 Billion to Investors in 2017

(HedgeCo.Net) In its ongoing efforts to protect Main Street investors, the Securities and Exchange Commission’s Enforcement Division today issued a report highlighting its priorities for the coming year as well as a review of enforcement actions that took place during […]

Former Private Equity Firm Partner Charged With Secretly Billing Clients for His Vacations and Salon Visits

(HedgeCo.Net) The Securities and Exchange Commission has charged Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., with defrauding his fund clients by secretly billing them for approximately $290,000 in personal expenditures, including his family vacations, visits to […]

Day Trader Charged in Brokerage Account Takeover Scheme

(HedgeCo.Net)The Securities and Exchange Commission today charged a day trader based in the Philadelphia area with participating in a scheme to access the brokerage accounts of more than 100 unwitting victims and make unauthorized trades to artificially affect the stock […]

Millennium Settles Charges of Illegal Short Selling in Advance of Stock Offerings

(HedgeCo.Net) Investment advisory firm Millennium Management LLC has agreed to pay more than $630,000 to settle charges that it shorted U.S. stocks in companies planning follow-on offerings and then illegally bought shares in the follow-on offerings. An SEC investigation found […]

SEC Charges Biotech Company, Executives With Accounting Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged a Maryland-based biotech company and four former top executives with prioritizing revenue growth over lawful accounting and misleading investors in the process. The SEC alleges that Osiris Therapeutics routinely overstated company performance […]

Related Posts Plugin for WordPress, Blogger...