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Category Archives: Insider Trading

Investment Adviser Charged With Failing to Clearly Disclose Additional Costs to Investors

(Hedgeco.Net) The Securities and Exchange Commission has announced an enforcement action against an investment advisory firm that failed to properly prepare clients for additional transaction costs beyond the “wrap fees” they pay to cover the cost of several services bundled […]

SEC Charges Cardiologist With Insider Trading on Confidential Drug Trial Developments

(HedgeCo.Net)— The Securities and Exchange Commission today charged a cardiologist with insider trading on confidential developments as he worked on a clinical drug trial. The SEC alleges that Dr. Edward Kosinski of Weston, Connecticut, traded in advance of two negative […]

Investor Funds Stolen for Shopping Sprees

(HedgeCo.Net) The Securities and Exchange Commission has announced an asset freeze it has obtained against three men who aren’t registered to sell investments and allegedly went on lavish shopping sprees with more than $5 million raised from investors to purportedly […]

SEC Halts Ongoing Fraudulent Stock Scheme

(HedgeCo.Net) The Securities and Exchange Commission today announced it has won a court-ordered asset freeze to halt an ongoing fraud by two former brokers with disciplinary histories who allegedly raised more than $5 million from investors without using the money […]

Silicon Valley Executive Settles Insider Trading Charges

(HedgeCo.Net) The Securities and Exchange Commission has announced that a Silicon Valley executive has agreed to pay more than a half-million dollars to settle charges that he traded on inside information received from a board member at a Minnesota-based company […]

SEC Charges Investment Adviser With Failing to Clearly Disclose Additional Costs to Investors

(HedgeCo.Net) The Securities and Exchange Commission today announced an enforcement action against an investment advisory firm that failed to properly prepare clients for additional transaction costs beyond the “wrap fees” they pay to cover the cost of several services bundled […]

SEC Charges Unregistered Brokers with Pocketing Investor Money

(HedgeCo.Net) The Securities and Exchange Commission has charged two men with pocketing investor money they raised for limited liability companies they owned and controlled that purportedly held warrants to purchase the common stock of a technology startup company. The SEC […]

Private Equity Fund Adviser Acted As Unregistered Broker

(HedgeCo.Net) The Securities and Exchange Commission has announced that a Maryland-based private equity fund advisory firm and its owner have agreed to pay more than $3.1 million to settle charges that they engaged in brokerage activity and charged fees without […]

Chief of SEC Whistleblower Office Leaves the Agency

(HedgeCo.Net)— The Chief of the SEC’s Office of the Whistleblower, is planning to leave the agency later this month. Sean McKessy became the first head of SEC’s whistleblower program in February 2011 and helped establish the whistleblower office that assesses […]

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 […]

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