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Category Archives: Insider Trading

SEC Charges Firms Involved in Layering, Manipulation Schemes

(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against a Ukraine-based trading firm accused of manipulating the U.S. markets hundreds of thousands of times and the New York-based brokerage firm and CEO who allegedly helped make it possible. […]

SEC Halts Fraud Targeting Seniors

(HedgeCo.Net) The Securities and Exchange Commission has announced an emergency asset freeze and temporary restraining order against a Chicago-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars. The SEC alleges that […]

Auditor Charged With Insider Trading on Client’s Nonpublic Information

(HedgeCo.Net) The Securities and Exchange Commission has announced that 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 […]

Pastor Charged With Defrauding Retirees

(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze obtained against a Michigan-based pastor accused of exploiting church members, retirees, and laid-off auto workers who were misled to believe they were investing in a […]

SEC Halts Boiler Room Scheme Involving State Lottery Tickets

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against a Florida-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in a business purportedly facilitating online and cell phone sales […]

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, […]

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