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Category Archives: Insider Trading

Two Charged With Insider Trading On Hedge Fund’s Herbalife Strategy

  New York (HedgeCo.Net) – The Securities and Exchange Commission yesterday charged Filip Szymik and Jordan Peixoto for insider trading when they heard hedge fund manager William Ackman and his hedge fund hedge fund, Pershing Square Management, had taken a […]

SEC Doles Out Record WhistleBlower Award

New York (HedgeCo.Net) – The SEC has awarded over $400,000 to an un-named whistleblower who reported a fraud to the SEC after the company failed to address the issue internally. “The whistleblower did everything feasible to correct the issue internally. […]

Two Executives and A Hedge Fund Portfolio Manager Sentenced To Federal Prison

New York (HedgeCo.Net) – Eric M. Martin, Mark Megalli, and Richard T. Posey have been sentenced to federal prison for their roles in a multi-million-dollar insider trading conspiracy involving childrens clothing company Carter’s, Inc. stock. Mark Megalli worked at New […]

Florida Hedge Fund Firm Charged With $17 Million Fraud Scheme

New York (HedgeCo.Net) – A West Palm Beach-based hedge fund advisory firm and its founder have been charged by the SEC with fraudulently shifting money from one investment to another without informing investors, the South Florida Business Journal reports. The firm’s […]

SAC Affiliate Settles SEC Insider Trading Charges For $600 Million

New York (HedgeCo.Net) – The US courts have approved a $600 million fine to settle SEC charges that hedge fund advisory firm CR Intrinsic Investors participated in an insider trading scheme involving a clinical trial for an Alzheimer’s drug, Reuters reports. […]

SEC Charges Two In Insider Trading Deal Where Middleman Ate The Evidence

New York (HedgeCo.Net) – A stockbroker and a managing clerk at a hedge fund law firm have been charged with insider trading and making illicit profits of $5.6 million during a four-year period, Reuters reports. Vladimir Eydelman and Steven Metro […]

Hedge Fund Research: Endowments and Foundations In 2014

New York (HedgeCo.Net) – The inaugural NEPC poll found that 40% of respondents were planning to raise their allocations to hedge funds and real assets in 2014. NEPC, which is a consulting firm to endowments and foundations, said: “Generally speaking, we found that senior investment […]

Hedge Fund Analyst Claims He was Paid $2 Million For Insider Tips

New York (HedgeCo.Net) –  A former analyst for hedge fund Diamondback Capital Management claims that he received a bonus of over $2 million the same year his insider trading tips helped the hedge fund earn over $3.8 million. The hedge fund has […]

SEC Makes Deferred Prosecution Agreement With Hedge Fund Administrator

New York (HedgeCo.Net) – For the first time in SEC history the agency has deferred prosecution against a former hedge fund administrator who helped the SEC take action against a hedge fund manager who stole investor assets. The SEC agreed […]

Is The SAC Indictment The First Shot in a War Against Outsize Hedge Funds?

New York (HedgeCo.Net) – Steve Cohen is getting squeezed from both ends. A federal grand jury just handed down a criminal indictment against Cohen’s hedge fund SAC Capital – on counts of wire fraud and securities fraud conspiracy. This follows […]

SAC: Hedge Fund Billionaire Escapes Prosecution

New York (HedgeCo.Net) - The billionaire hedge fund manager of SAC Capital won’t face any charges as the prosecution has decided that there isn’t enough evidence against him, WSJ reports. It seems that Steven Cohen has beat the statute of limitations for […]

Maiden Hedge Fund Manager Pleads Guilty, Released on $50,000 Bond

New York (HedgeCo.Net) – Charlotte hedge fund manager Stephen Ewing Maiden has pleaded guilty to securities fraud for hiding investment losses that cost his victims at least $8.9 million, and was released on a $50,000 unsecured bond until sentencing. “U.S. Magistrate Judge David […]

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