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Category Archives: HedgeCoVest News

SEC Obtains Final Judgment Against CEO in Penny Stock Fraud Scheme

(HedgeCo.Net) The Securities and Exchange Commission obtained a final judgment against the former CEO of a penny stock company based in the Chicago suburbs, ordering the payment of more than $860,000 in monetary remedies. The SEC charged Andrew J. Kandalepas, […]

SEC Charges Broker-Dealer and CEO With Supervision Failures Related to Hedge Fund Valuation Scheme

(HedgeCo.Net) The Securities and Exchange Commission has charged New York-based broker-dealer AOC Securities LLC, and its former chief executive officer, Ronaldo Gonzalez, with failing to supervise an AOC broker who provided inflated price quotes for certain securities to a significant […]

SEC Charges Head Sales Agent in South Florida Alternative Investments Scheme

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Boca Raton, Florida resident Scott P. Strochak, a former registered broker, for making material misrepresentations regarding an investment fund scheme that targeted retail investors, and for acting as an unregistered […]

Federal Court Orders Defendants to Pay More Than $2.7 Million in a Forex Fraud Scheme

(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has announced that the U.S. District Court for the Northern District of Georgia entered a default judgment against defendants Kevin Andre Perry and Lucrative Pips Corporation of Atlanta, Georgia in an enforcement action […]

Cantor Fitzgerald and BMO Capital Charged for Improper Handling of ADRs

(HedgeCo.Net) The Securities and Exchange Commission has announced that broker Cantor Fitzgerald & Co. will pay more than $647,000 and broker BMO Capital Markets Corporation will pay over $3.9 million to settle charges of improper handling of “pre-released” American Depositary […]

Kraft and Mondel?z Global to Pay $16 Million in Wheat Manipulation Case

(HedgeCo.Net) The U.S. Commodity Futures Trading Commission today announced that it obtained a $16 million penalty and injunction pursuant to a federal court’s entry of a consent order against defendants Kraft Foods Group, Inc. and Mondel?z Global LLC. The order, […]

SEC Charges Former CFO of Cash Advance Company With Defrauding Retail Investors

(HedgeCo.Net) The Securities and Exchange Commission today charged 1 Global Capital LLC’s former chief financial officer, Alan G. Heide, with defrauding retail investors. The now bankrupt Florida-based cash advance company allegedly fraudulently raised more than $322 million from 3,600 investors […]

SEC Obtains Freeze of $8 Million in Assets in Alleged Fraudulent Token Offering and Manipulation Scheme

(HedgeCo.Net) The Securities and Exchange Commission announced fraud charges against a Brooklyn individual and two entities under his control who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. […]

Broker-Dealer Charged with Violations of Gatekeeping Provisions Aimed at Protecting Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged Canaccord Genuity LLC, a broker-dealer headquartered in New York City, with enabling trading in dozens of thinly-traded securities without conducting the review required by the federal securities laws. According to the SEC’s […]

Investment Banking Analyst Charged with Insider Trading

(HedgeCo.Net) An analyst at a large international investment bank has been charged with insider trading based on confidential information that he learned about Siris Capital Group’s plans to acquire Electronics for Imaging, Inc. (EFII). According to the SEC’s complaint filed […]

Federal Court Orders Defendants to Pay More Than $2.7 Million in a Forex Fraud Scheme

(HedgeCo.Net) The U.S. Commodity Futures Trading Commission today announced that the U.S. District Court for the Northern District of Georgia entered a default judgment against defendants Kevin Andre Perry and Lucrative Pips Corporation of Atlanta, Georgia in an enforcement action […]

SEC Obtains Temporary Restraining Order and Asset Freeze in Startup Company Investment Scheme

(HedgeCo.Net) The Securities and Exchange Commission has announced that it has obtained a temporary restraining order and asset freeze against defendants Tanmaya (a/k/a Tan) Kabra and LaunchByte.io, LLC in the SEC’s previously filed emergency action, in which the SEC alleges […]

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