Hedge Fund News From HedgeCo.Net


Category Archives: Insider Trading

RBC to Pay $2.5 Million for Proxy Statement Violations

(HedgeCo.Net) The Securities and Exchange Commission today announced that RBC Capital Markets LLC has agreed to a $2.5 million settlement for causing materially false and misleading disclosures about its valuation analysis in a proxy statement for Rural/Metro Corporation’s sale in […]

$22 Million Whistleblower Award for Company Insider Who Helped Uncover Fraud

(HedgeCo.Net) The Securities and Exchange Commission today announced the award of more than $22 million to a whistleblower whose detailed tip and extensive assistance helped the agency halt a well-hidden fraud at the company where the whistleblower worked. The $22 […]

Purported Green Technology Company Defrauding Investors

(HedgeCo.Net) The Securities and Exchange Commission today charged a California-based company and two executives with using baseless financial projections and other misleading statements to defraud investors in a venture to manufacture environmentally-friendly building materials. The SEC alleges that Enviro Board […]

SEC Adopts Rules to Enhance Information Reported by Investment Advisers

(HedgeCo.NET) The Securities and Exchange Commission today adopted amendments to several Investment Advisers Act rules and the investment adviser registration and reporting form to enhance the reporting and disclosure of information by investment advisers. The amendments will improve the quality […]

SEC Charges 71 Municipal Issuers in Muni Bond Disclosure Initiative

(HedgeCo.Net) The Securities and Exchange Commission today announced enforcement actions against 71 municipal issuers and other obligated persons for violations in municipal bond offerings. The actions were brought under the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative, a voluntary self-reporting program […]

Apollo Agrees to Pay $52.7M For Misleading Fund Investors

(HedgeCo.Net) The Securities and Exchange Commission today announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7 million settlement for misleading fund investors about fees and a loan agreement and failing to supervise […]

Hedge Fund Manager Charged in Scheme Involving Terminally Ill

(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against a hedge fund manager and his firm accused of paying terminally ill individuals to use their names on purportedly joint brokerage accounts so he could purchase investments on behalf […]

SEC Charges Stockbroker and Friend With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has charged a stockbroker and his friend with participating in an insider trading scheme to profit in advance of two major announcements out of a pharmaceutical company. The SEC alleges that Paul T. Rampoldi […]

SEC Obtains Asset Freeze in Case of Investor Funds Stolen for Shopping Sprees

(HedgeCo.Net) The Securities and Exchange Commission today 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 […]

Company Punished for Severance Agreements That Removed Financial Incentives for Whistleblowing

(HedgeCo.Net) The Securities and Exchange Commission today announced that a California-based health insurance provider has agreed to pay a $340,000 penalty for illegally using severance agreements requiring outgoing employees to waive their ability to obtain monetary awards from the SEC’s […]

Former Goldman Sachs Trader Settles Fraud Charges

(HedgeCo.Net) — The Securities and Exchange Commission today announced that the former head trader in residential mortgage-backed securities (RMBS) at Goldman Sachs has agreed to be barred from the securities industry and pay $400,000 to settle charges that he repeatedly […]

Hedge Fund Manager Charged in Scheme Involving Terminally Ill

(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against a hedge fund manager and his firm accused of paying terminally ill individuals to use their names on purportedly joint brokerage accounts so he could purchase investments on behalf […]

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