Hedge Fund News From HedgeCo.Net

Category Archives: Insider Trading

SEC Charges “Frack Master” With Running an $80 Million Oil and Gas Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged four companies and eight individuals in an $80 million oil and gas fraud orchestrated by a Dallas man who calls himself the “Frack Master” for his purported expertise in hydraulic fracturing. The […]

Merrill Lynch to Pay $415 Million for Misusing Customer Cash and Putting Customer Securities at Risk

(HedgeCO.NET) — The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay $415 million and admit wrongdoing to settle charges that it misused customer cash to generate profits for the firm and failed to safeguard customer […]

SEC Sues UK-Based Trader for Account Intrusion Scheme

(HedgeCo.Net) — The Securities and Exchange Commission today announced it has obtained an emergency court order to freeze the assets of a United Kingdom resident charged with intruding into the online brokerage accounts of U.S. investors to make unauthorized stock […]

Horseshoe Group Acquires IKONIC Fund Services

(HedgeCo.Net) Horseshoe Group (“Horseshoe”) acquires IKONIC Fund Services (“IKONIC”) to form a leading independent fund administrator and insurance manager dedicated to both the Insurance Linked Securities and the alternative fund markets. The transaction, which closed last week subject to customary […]

SEC Issues $17 Million Whistleblower Award

(HedgeCo.NET) The Securities and Exchange Commission today announced a whistleblower award of more than $17 million to a former company employee whose detailed tip substantially advanced the agency’s investigation and ultimate enforcement action. The award is the second-largest issued by […]

Childhood Friends Charged With Insider Trading in Pharmaceutical Stocks

(HedgeCo.NET) The Securities and Exchange Commission today charged two Rhode Island men with insider trading in the securities of deal targets being pursued by the pharmaceutical company where one of them worked. The SEC alleges that Michael J. Maciocio obtained […]

SEC Awards More Than $5 Million to Whistleblower

(HedgeCo.Net) Less than one week after announcing a $3-Million dollar award to a Whistleblower, The Securities and Exchange Commission today announced one of the largest awards in their history. The SEC will present an award of between $5 and $6 […]

(FINRA) may require brokers and dealers to report Treasury cash market transactions to a centralized repository.

(HedgeCo.Net) New efforts are underway to enhance the monitoring and reporting of Treasury cash market transactions.The U.S. Department of the Treasury and the Securities and Exchange Commission today announced that they are working together to explore efficient and effective means […]

Obama Administration Warns Hedge Fund Industry

New York (HedgeCo.NET) Most of the time when you hear that the Obama administration has warned the hedge fund industry about a topic, you automatically think it is in regards to legislation about practices. That wasn’t the case at last […]

Earnings Season Producing Mixed Results So Far

New York (HedgeCo.Net) Through the first two weeks of earnings season, the results are somewhat mixed with a high number of companies beating expectations, but the growth rates on both earnings and revenue are running lower than recent quarters. So […]

Rajaratnam Agrees To Pay $840 Thousand To Settle Hedge Fund Insider Trading Case

New York (HedgeCo.Net) – Former hedge fund manager Rengan Rajaratnam has agreed to pay more than $840,000 and accept securities industry bars in order to settle the agency’s insider trading case against him. The SEC filed civil charges in March […]

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 […]

Related Posts Plugin for WordPress, Blogger...