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Category Archives: Insider Trading

Overseas Traders Paying Back All Profits in Insider Trading Case

(HedgeCo.Net) The Securities and Exchange Commission today announced that three Peruvian traders have agreed to settle a pending case alleging that they traded on nonpublic information prior to the merger of two mining companies. The SEC filed its complaint in […]

Auditor Charged With Insider Trading on Client’s Nonpublic Information

(HedgeCo.Net) An auditor based in the Silicon Valley has agreed to settle charges that he traded on inside information about a client on the verge of a merger. The SEC’s order finds that through his work at an independent audit […]

Executives Charged With Manipulating Company’s Accounting Systems to Steal Money

(HedgeCo.NET) The Securities and Exchange Commission today charged two former executives with masterminding a fraudulent scheme to steal millions of dollars through phony expense reimbursements, inflated invoices, and other improper accounting tactics. The SEC’s complaint alleges that iPayment’s then-senior vice […]

SEC Files Charges in $26 Million Stock Manipulation Scheme

(HedgeCo.Net) The Securities and Exchange Commission today charged two New Jersey-based traders with manipulating more than 2,000 NYSE- and NASDAQ-traded stocks and reaping more than $26 million in profits from their successful trades. The SEC alleges that Joseph Taub and […]

SEC Charges CEO and Boiler Room Operator With Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged a former microcap company CEO and a boiler room operator with defrauding seniors and others who were pressured to invest in a pair of penny stock companies and promised lucrative profits. The […]

Merrill Lynch Charged With Trading Controls Failures That Led to Mini-Flash Crashes

(HedgeCo.Net) The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay a $12.5 million penalty for maintaining ineffective trading controls that failed to prevent erroneous orders from being sent to the markets and causing mini-flash crashes. […]

Executives Charged With Microcap Fraud

(Hedgeco.NET) The Securities and Exchange Commission today charged three company executives with defrauding investors in a purported project to construct the largest movie studio in North America at a suburban location outside Savannah, Georgia. The SEC alleges that Manu Kumaran, […]

SEC Charges Hedge Fund Manager Leon Cooperman With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today charged hedge fund manager Leon G. Cooperman and his firm Omega Advisors with insider trading based on material nonpublic information he learned in confidence from a corporate executive. The SEC alleges that Cooperman […]

SEC Whistleblower Program Surpasses $100 Million in Awards

(HedgeCo.Net) The Securities and Exchange Commission’s awards to whistleblowers have surpassed the $100 million mark with the program’s second-largest award of more than $22 million announced earlier today. The whistleblower program was established by Congress to incentivize whistleblowers with specific, […]

BOK Financial, Senior Executive Charged With Turning Blind Eye to Investment Scheme

(HedgeCo.Net) The Securities and Exchange Commission today announced that a subsidiary of Oklahoma-based BOK Financial Corporation has agreed to pay more than $1.6 million to settle charges that it concealed numerous problems and red flags from investors in municipal bond […]

SEC Charges Alabama Attorney and His Companies in Purported Waste-To-Energy Ventures

(HedgeCo.Net) The Securities and Exchange Commission today charged Alabama attorney Donald Watkins and companies he controls with defrauding professional athletes and other investors out of millions of dollars, much of which he spent on his girlfriend and to cover personal […]

SEC Charges Alabama Attorney and His Companies in Purported Waste-To-Energy Ventures

(HedgeCo.Net) The Securities and Exchange Commission today charged Alabama attorney Donald Watkins and companies he controls with defrauding professional athletes and other investors out of millions of dollars, much of which he spent on his girlfriend and to cover personal […]

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