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Category Archives: HedgeCoVest News

EC Settles with Operators of Investment Scheme Targeting the Orthodox Jewish Community in Chicago

(HedgeCo.Net) The Securities and Exchange Commission has obtained a consent judgment against Chicago resident Zvi Feiner and his company FNR Healthcare, LLC for operating a fraudulent scheme that targeted investors in the Orthodox Jewish community in the Chicago area. The […]

CFTC Charges California and Colorado Residents in Ongoing Multimillion-Dollar Ponzi Scheme

(HedgeCo.Net) The Commodity Futures Trading Commission has filed a civil enforcement action in the Eastern District of California charging a number of individuals and entities with operating a $14.5 million binary options and retail foreign currency (forex) Ponzi scheme. Charged […]

CFTC Orders Illinois Broker to Pay Over $1.1 Million for Fraud and Additional Violations

(HedgeCo.Net) The Commodity Futures Trading Commission issued two orders resolving charges for fraud, unauthorized and fictitious trading, and failing to diligently supervise the handling of a customer account against Mark Miller and registered introducing broker Foremost Trading LLC, both of […]

SEC Settles with Perpetrators of Fraudulent Prime Bank Scheme

(HedgeCo.Net) The U.S. District Court for the Central District of California has entered final judgments by consent against six defendants for their roles in a fraudulent prime back scheme. Recidivist David Sims, his partner, Mario Procopio, and their lawyer, Ralph […]

Connecticut Investment Adviser and Its Former CEO to Pay Over $2 Million

(HedgeCo.Net) The Securities and Exchange Commission have announced final judgments against Connecticut investment advisory firm Temenos Advisory, Inc. and its former chief executive officer, George Taylor. The SEC charged Temenos and Taylor in July 2018 with putting $19 million of […]

Connecticut Investment Adviser and Its Former CEO to Pay Over $2 Million

(HedgeCo.Net) The Securities and Exchange Commission announced today the entry of final judgments against Connecticut investment advisory firm Temenos Advisory, Inc. and its former chief executive officer, George Taylor. The SEC charged Temenos and Taylor in July 2018 with putting […]

CFTC Orders Illinois Firm to Pay $250,000 for Supervision Violations

(HedgeCo.Net) The Commodity Futures Trading Commission today issued an order filing and settling charges against Cunningham Commodities, LLC, a registered futures commission merchant with its principal place of business in Itasca, Illinois, for failing to diligently supervise accounts set up […]

CFTC Charges Chicago-Based Firm and Six Individuals in Multi-Million Dollar Options Fraud Scheme

(HedgeCo.Net) The Commodity Futures Trading Commission has filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois against Long Leaf Trading Group, Inc., its principals James A. Donelson of Aurora, Illinois, and Timothy M. […]

SEC Updates Filing Threshold to Rule 17h Reporting Requirements for Broker-Dealers

(HedgeCo.Net) The Securities and Exchange Commission has issued an order updating the filing threshold for broker-dealers’ Form 17-H filings made pursuant to Exchange Act Rules 17h-1T and Rule 17h-2T. The threshold, which had not been updated in nearly 30 years, […]

Telegram to Return $1.2 Billion to Investors and Pay $18.5 Million Penalty to Settle SEC Charges

(HedgeCo.Net) The Securities and Exchange Commission has obtained court approval of settlements with Telegram Group Inc. and its wholly owned subsidiary TON Issuer Inc. to resolve charges that Telegram’s unregistered offering of digital tokens called “Grams” violated the federal securities […]

SEC Charges Issuer, CEO, and Lobbyist With Defrauding Investors in AML BitCoin

(HedgeCo.Net) The Securities and Exchange Commission has charged NAC Foundation, its Chief Executive Officer Marcus Andrade, and political lobbyist Jack Abramoff with conducting a fraudulent, unregistered offering of AML BitCoin, a digital asset security the defendants claimed was a new […]

SEC Awards $125,000 to Whistleblower

(HedgeCo.Net) The Securities and Exchange Commission has announced an award of about $125,000 to a whistleblower whose information and assistance helped both the SEC and another agency bring successful actions against the perpetrator of a fraudulent securities offering. “The whistleblower’s […]