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Category Archives: Insider Trading

SEC Charges Investment Adviser and CEO With Misleading Retail Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged a Connecticut-based investment advisory firm and its chief executive officer with putting $19 million of investor money, including elderly investors’ retirement savings and pension plans, in risky investments and secretly pocketing hefty […]

SEC Files Charges in Busted Microcap Schemes

(HedgeCo.Net) The Securities and Exchange Commission has charged a stock promoter and four others involved in an alleged series of microcap fraud schemes that were foiled by FBI undercover work and an SEC trading suspension. According to the SEC’s complaint […]

CFTC makes record USD30m whistleblower award

(HedgeCo.Net) The Commodity Futures Trading Commission (CFTC) has announced an award of approximately USD30 million to a whistleblower who voluntarily provided key original information that led to a successful enforcement action. To read this article:

Minnesota Man Convicted on 21-Counts of Securities Fraud

(HedgeCo.Net) Ryan Gilbertson, a Minnesota man previously accused by the SEC of orchestrating an elaborate scheme to siphon millions of dollars from Dakota Plains Holdings, Inc., has been convicted on 21 counts of wire fraud, securities fraud, and conspiracy to […]

SEC Files Additional Charges in Fitbit Stock Manipulation Scheme

(HedgeCo.Net) The Securities and Exchange Commission today filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings. According to the SEC’s complaint, Mark E. Burns purchased Fitbit […]

SEC Obtains Final Judgment Against Investment Adviser’s Assistant

(HedgeCo.Net) A federal district court in the Western District of New York has entered a final judgment against Amherst, New York resident Lauramarie Colangelo, formerly an assistant to investment adviser Tarek D. Bahgat. The SEC’s complaint alleges that Bahgat misappropriated […]

Former Biotech Company Employee Charged with Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has charged a former research and development scientist at a California biotech company with insider trading in advance of three positive company announcements. According to the SEC’s complaint, former company scientist Gene Shen had […]

Former Vice President at ClubCorp Holdings, charged with insider trading.

(HedgeCo.Net) The SEC’s complaint alleges that Nelson “Frank” Molina, the former Vice President of Investor Relations and Treasury at ClubCorp, discovered that ClubCorp was exploring significant transactions involving the company. According to the complaint, despite having signed ClubCorp’s securities trading […]

Attorney and Law Firm Business Manager Charged With Illegal Sales of UBI Blockchain Internet Stock

(HedgeCo.Net) The Securities and Exchange Commission has charged two men alleged to have profited from illegal sales of stock of a company claiming to have a blockchain-related business. According to the SEC’s complaint, attorney T.J. Jesky and his law firm’s […]

SEC Charges KBR for Inflating Key Performance Metric and Accounting Controls Deficiencies

(HedgeCo.Net) The Securities and Exchange Commission today charged global engineering and construction company KBR Inc. with inflating a key, non-financial statement performance metric known as work in backlog. KBR agreed to pay a $2.5 million penalty to settle the SEC’s […]

SEC Proposes Whistleblower Rule Amendments

(HedgeCo.Net) The Securities and Exchange Commission today voted to propose amendments to the rules governing its whistleblower program. The whistleblower program was established in 2010 to incentivize individuals to report high-quality tips to the Commission and help the agency detect […]

Former Equifax Manager Charged With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today charged a former Equifax manager with insider trading in advance of the company’s September 2017 announcement of a massive data breach that exposed Social Security numbers and other personal information of approximately 148 […]

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