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Category Archives: Insider Trading

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 […]

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 […]

SEC Warns Investors About Paid-to-Click Scams Agency Obtains Court Order to Stop “Ad Packs” Ponzi Scheme

(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 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 […]

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 […]

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 […]

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 […]

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

(HedgeCo.Net) The Securities and Exchange Commission today 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 […]

SEC Announces Whistleblower Award of More Than a Million Dollars

(HedgeCo.Net) The Securities and Exchange Commission has announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity […]

SEC Announces Whistleblower Award of More Than a Million Dollars

(HedgeCo.Net) The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity […]

Feds Charge Former VP at Life Time Fitness and Six Traders With Insider Trading

(HedgeCo.Net) In a complaint filed in U.S. District Court in the Northern District of Illinois, the SEC alleges that Shane P. Fleming, a former vice president of sales at Life Time Fitness, learned of the merger discussions on or before […]

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