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Category Archives: HedgeCoVest News

Insurance Agent Charged in Investment Ponzi Scheme Targeting Widows

(HedgeCo.Net) The Securities and Exchange Commission has charged a Bellefonte, Pennsylvania insurance agent with engaging in a Ponzi scheme that targeted retail investors who lacked significant investment experience. According to the SEC’s complaint, from at least 2010 through 2017, James […]

An Alleged $102 Million Ponzi Scheme Targeting Investors Is Shut Down

(HedgeCo.Net) Federal Charges have been filed against the individuals and companies behind an alleged $102 million Ponzi scheme that bilked investors throughout the U.S. According to a complaint filed by the SEC, the defendants defrauded more than 600 investors through […]

Merrill Lynch Admits to Misleading Customers about Trading Venues Will Pay $42 Million Penalty to Settle Charges

(HedgeCo.Net) The Securities and Exchange Commission has charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders. Merrill Lynch agreed to settle the charges, admit wrongdoing, and pay a $42 million penalty. According to […]

“Blockchain Evangelist” Behind Alleged Fraudulent Coin Offering Scheme

(HedgeCo.Net) An Emergency court order has halted an alleged ongoing fraud involving an initial coin offering (ICO) that raised as much as $21 million from investors in and outside the U.S. The court also approved an emergency asset freeze and […]

Pastor Indicted for Alleged Scheme to Defraud Investors

(HedgeCo.Net) A Michigan Pastor is facing charged of Mail Fraud and Wire Fraud after allegedly taking investors money and using it for his own personal benefit. According to the indictment, Larry A. Holley, who is a pastor at Abundant Life […]

Investment Adviser and Two Former Managers Charged With Misleading Retail Clients

(HedgeCo.Net) The Securities and Exchange Commission today announced that New York-based investment adviser deVere USA, Inc. has agreed to pay an $8 million civil penalty related to its failure to disclose conflicts of interest to its retail clients. The settlement […]

Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers

(HedgeCo.Net) The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch […]

Merrill Lynch Charged for Failure to Supervise RMBS Traders

(HedgeCo.Net) The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch […]

Agecroft Partners Announces 4 Non-Profit Beneficiaries of Gaining the Edge – 2018 Hedge Fund Leadership Conference

(HedgeCo) Since 2013 Agecroft Partners has committed to improving the lives of children through donating 100% of the profits from its conferences. Through the end of 2018 Agecroft Partners expects to have contributed over $700,000 to non-profits that benefit children, […]

SEC Charges 13 Private Fund Advisers for Repeated Filing Failures

(HedgeCo.Net) The Securities and Exchange Commission today announced settlements with 13 registered investment advisers who repeatedly failed to provide required information that the agency uses to monitor risk. According to the SEC’s orders, the advisers failed to file annual reports […]

SEC Charges Long Island Investment Professional in $8 Million Scam Targeting Long-Standing Brokerage

(HedgeCo.Net) The Securities and Exchange Commission has charged a former registered representative with defrauding long-standing brokerage customers in an $8 million investment scam. According to the SEC’s complaint, Steven Pagartanis, who was affiliated with a registered broker-dealer, told some investors […]

13 Private Fund Advisers Charged For Repeated Filing Failures

(HedgeCo.Net) The Securities and Exchange Commission today announced settlements with 13 registered investment advisers who repeatedly failed to provide required information that the agency uses to monitor risk. According to the SEC’s orders, the advisers failed to file annual reports […]

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