Category Archives: HedgeCo News
Private Equity Firm Prime Group Charged for Inadequate Disclosure of Fees
NY-based company to pay $20.5 million to settle charges. (HedgeCo.Net) The Securities and Exchange Commission has charged Prime Group Holdings LLC, a private equity firm focused on alternative real estate asset classes, for failing to adequately disclose millions of dollars […]
Five Advisory Firms Charged for Custody Rule Violations
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against five investment advisers for failing to comply with requirements related to the safekeeping of client assets. Three of the firms were also charged with failing to timely update SEC disclosures […]
CFTC Orders Goldman Sachs to Pay $5.5 Million for Recordkeeping Violations and Violating a Prior Commission Order
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Goldman Sachs & Co. The order finds Goldman violated the cease-and-desist provision of a prior order and committed recordkeeping violations in connection with its […]
Accountant Charged for Aiding and Abetting a $110 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission files charges against William V. Conn, Jr., a certified public accountant of Sandy Springs, Georgia, for participating in a Ponzi scheme perpetrated by John Woods using an investment fund Woods created and controlled, Horizon […]
Citigroup Global Markets Charged with Recordkeeping Failures concerning Underwriting Expenses
(HedgeCo.Net) Recordkeeping requirements of the federal securities laws require broker-dealers to make and keep current certain books and records, including ledgers or other records reflecting all assets and liabilities. The SEC’s order finds that, from at least 2009 through May […]
LA-Based Media and Entertainment Co. Impact Theory Charged for Unregistered Offering of Crypto Asset Securities.
(HedgeCo.Net) The Securities and Exchange Commission has charged Impact Theory, LLC, a media and entertainment company headquartered in Los Angeles, with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs). Impact Theory raised […]
CFTC Orders Texas Trading Advisor and His Company to Pay Approximately $250,000 for Fraudulent Solicitation and Failure to Register
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Peter L. Bryant of Texas and his company, Bryant Capital Trade Management Corporation (Bryant Capital), a registered Texas entity, for committing fraud while acting […]
SEC Enhances the Regulation of Private Fund Advisers
(HedgeCo.Net) The Securities and Exchange Commission has adopted new rules and rule amendments to enhance the regulation of private fund advisers and update the existing compliance rule that applies to all investment advisers. The new rules and amendments are designed […]
Attorney at U.S.-Based Global Law Firm Charged with Insider Trading
(HedgeCo. Net) The Securities and Exchange Commission has filed insider trading charges against Romero Cabral da Costa Neto for trading based on material, nonpublic information concerning a client of the global law firm where he worked as a visiting attorney […]
CFTC Orders Texas Trading Advisor and His Company to Pay Approximately $250,000 for Fraudulent Solicitation and Failure to Register
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Peter L. Bryant of Texas and his company, Bryant Capital Trade Management Corporation (Bryant Capital), a registered Texas entity, for committing fraud while acting […]
New York FinTech Investment Adviser Charged for Misrepresenting Hypothetical Performance of Investments
(HedgeCo.Net) The Securities and Exchange Commission has charged Titan Global Capital Management USA LLC, a New York-based FinTech investment adviser, for using hypothetical performance metrics in advertisements that were misleading. The SEC also charged Titan with multiple compliance failures that […]
SEC Obtains Emergency Relief, Charges Recidivist in Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained a temporary restraining order and asset freezes to stop an offering fraud allegedly perpetrated by Florida company PreIPO Corp., Boca Raton resident and serial […]
