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Category Archives: Insider Trading

SEC Brings Charges in Edgar Hacking Case

(HedgeCo.Net) The Securities and Exchange Commission today announced charges against nine defendants for participating in a previously disclosed scheme to hack into the SEC’s EDGAR system and extract nonpublic information to use for illegal trading. The SEC charged a Ukrainian […]

Husband of Investment Banker Charged with Insider Trading

(HedgeCo.Net) The husband of a New York-based banking consultant has been charged with insider trading in advance of an airline merger based on confidential information he learned by eavesdropping on the phone conversations of his then-fiancé, who was an investment […]

Orange County Investment Adviser Charged With Defrauding Clients

(HedgeCo.Net) A Laguna Niguel, California investment adviser has been charged with misappropriating client funds and misleading his clients about how their money was invested and how their investments were performing. The SEC is seeking an asset freeze and the appointment […]

Two Advisory Firms, CEO Charged With Mutual Fund Share Class Disclosure Violations

(HedgeCo.Net) Two New York-based investment advisers will collectively pay more than $1.8 million, which will be returned to harmed investors. According to the SEC’s orders, American Portfolios Advisers Inc., PPS Advisors Inc., and PPS’s Chief Executive Officer and Chief Investment […]

SEC Charges Two Robo-Advisers With False Disclosures

(HedgeCo.Net) The Securities and Exchange Commission have instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising. The proceedings are the SEC’s first enforcement actions against robo-advisers, which provide automated, software-based portfolio management […]

SEC Files Subpoena Enforcement in Possible Market Manipulation Scheme

(HedgeCo.Net) The Securities and Exchange Commission has filed a subpoena enforcement action against three penny-stock companies and their CEO – Cherubim Interests, Inc. (CHIT), PDX Partners, Inc. (PDXP), Victura Construction Group, Inc. (VICT), and Patrick Jevon Johnson – seeking an […]

SEC Settles Charges with Previously Barred N.Y. Adviser

(HedgeCo.Net) The Securities and Exchange Commission today announced that it has agreed to resolve its claims against Walter F. Grenda, Jr., who was charged with violating a Commission order barring him from association with an investment adviser and with aiding […]

SEC Charges Two Robo-Advisers With False Disclosures

(HedgeCo.Net) The Securities and Exchange Commission has instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising. The proceedings are the SEC’s first enforcement actions against robo-advisers, which provide automated, software-based portfolio management […]

JPMorgan to Pay More Than $135 Million for Improper Handling of ADRs

(HedgeCo.Net) The Securities and Exchange Commission has announced that JPMorgan Chase Bank N.A. will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of […]

CFTC Orders Commodity Trading Firm and Principal to Pay a $315,000 Civil Monetary Penalty for “Cherry-Picking” Scheme

(HedgeCo.Net) The Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Jonathan Hansen (Hansen) of Dana Point, California, and his Newport Beach, California, based company, Newport Private Capital LLC, (NPC), for engaging in a […]

Two Advisory Firms, CEO Charged With Mutual Fund Share Class Disclosure Violations

(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges against two New York-based investment advisers and the CEO of one of the advisers who selected mutual fund share classes inconsistent with their disclosures to clients. The firms and the […]

SEC Proposes Rule Changes for Fund of Funds Arrangements

(HedgeCo.Net) The Securities and Exchange Commission has voted to propose a new rule and related amendments designed to streamline and enhance the regulatory framework for fund of funds arrangements. Funds of funds are created when a mutual fund or other […]

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