Hedge Fund News From HedgeCo.Net

SEC Announces Its Largest-Ever Whistleblower Awards

(HedgeCo.Com) The Securities and Exchange Commission has announced its highest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing a nearly $50 million award and a third whistleblower receiving more than $33 million. The previous high was a $30 million award in […]

Broker Charged With Repeatedly Putting Customer Assets At Risk

(HedgeCo.Net) The Securities and Exchange Commission has announced that Electronic Transaction Clearing (ETC), a registered broker-dealer headquartered in Los Angeles, has agreed to settle charges that it illegally placed more than $25 million of customers’ securities at risk in order […]

SEC Proposes Transaction Fee Pilot for NMS Stocks

(HedgeCo.Net) The Securities and Exchange Commission has voted to propose new Rule 610T of Regulation NMS to conduct a Transaction Fee Pilot in NMS stocks. The proposed pilot would subject stock exchange transaction fee pricing, including “maker-taker” fee-and-rebate pricing models, […]

Former Equifax Executive Charged With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has charged a former chief information officer of a U.S. business unit of Equifax with insider trading in advance of the company’s September 2017 announcement about a massive data breach that exposed the social […]

Foreign Affiliates of KPMG, Deloitte, BDO Charged in Improper Audits

(hedgeCo.Net) The Securities and Exchange Commission today charged foreign affiliates of KPMG, Deloitte & Touche, and BDO for their involvement in audit work that circumvented the full oversight of the Public Company Accounting Oversight Board (PCAOB). The firms agreed to […]

SEC Foils Stock Executive’s Plan to Pump Stock and Exploit Investors

(HedgeCo.Net) The Securities and Exchange Commission today barred the president of a penny stock company from ever again serving as a public company officer or director after he was caught making false and misleading statements about the company to investors […]

Penny Stock “Mailman” Charged With Scalping Investors In Gold Mining Stocks

(HedgeCo.Net) The Securities and Exchange Commission has charged a penny stock promoter based in Florida with defrauding investors in a pair of gold mining stocks by secretly amassing shares before touting the companies publicly. He allegedly sold the bulk of […]

Investment Adviser Settles Charges for Cheating Clients in Fraudulent Cherry-Picking Scheme

(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against an Austin, Texas-based investment adviser for defrauding his clients through a “cherry-picking” scheme. The adviser, Robert Mark Magee, who is the principal, sole owner, and sole employee of Valor […]

NYSE to Pay $14 Million Penalty for Multiple Violations

(HedgeCo.Net) The Securities and Exchange Commission has just announced that it charged the New York Stock Exchange and two affiliated exchanges with regulatory failures in connection with multiple episodes, including several disruptive market events. The charges arose from five separate […]

Alleged Unregistered Broker Charged For Illegally Brokering Sales of EB-5 Securities

(Hedgeco.Net) The Securities and Exchange Commission has charged a New York-based company with illegally brokering dozens of investments by foreign nationals seeking U.S. residency. Between April 2014 and March 2017, Edwin Shaw LLC solicited foreign nationals to invest in securities […]

SEC Charges Brokerage Firm, Investment Manager, CEO, and Others for Manipulative Trading in U.S. Microcap Stocks

(HedgeCo.Net) The Securities and Exchange Commission has announced securities fraud charges against a U.K.-based broker-dealer and its investment manager in connection with manipulative trading in the securities of HD View 360 Inc., a U.S.-based microcap issuer. The SEC also announced […]

SEC Charges Ameriprise With Overcharging Retirement Account Customers for Mutual Fund Shares

(HedgeCo.Net) The Securities and Exchange Commission has announced that a Minnesota-based broker-dealer and investment adviser has agreed to settle charges for recommending and selling higher-fee mutual fund shares to retail retirement account customers and for failing to provide sales charge […]

SEC Obtains Bars and Suspensions Against Individuals and Accounting Firm

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against three Israeli residents, a Washington, D.C. attorney, and an Israeli auditor and his Maryland-based accounting firm for their roles in a fraudulent scheme in the creation of numerous public shell […]

SEC Suspends Trading in Three Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology

(HedgeCo.Net) The Securities and Exchange Commission has suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension orders state that recent press releases issued by […]

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Syndicated Headlines
  • Zuckerberg Dumped Facebook Shares Before Stock Nosedive
    Today, March 22, 2018 : Permalink

    (New York Post) Ahead of Facebook’s worst one-day decline since 2012, prompted by news that data affecting 51.3 million members was improperly shared with a political consulting firm, Zuckerberg had been busy selling stock. So far this year, he has […]

  • What Your Fund Management Job Will Look Like in a Decade
    Today, March 22, 2018 : Permalink

    (Bloomberg) Asset managers are being squeezed as increased regulation drives up costs and investors shift more money into lower-cost investment products. The solution? The greater use of technology and data-mining to defend margins, reduce expenses and win more client business. […]

  • Trade war threat is now Wall Street’s top economic fear: survey
    Today, March 22, 2018 : Permalink

    (CNBC) Nearly two-thirds of the survey’s respondents see Trump’s trade policies as negative for overall economic growth. Sparked by the Trump administration’s recent tariffs, nearly three-quarters of respondents to the CNBC Fed Survey say they are now worried about a […]

  • Cryptocurrencies: Further to fall
    Today, March 22, 2018 : Permalink

    (The Technical Analyst) Bitcoin could fall to 3000 if the 7224 level is broken, according to Ron William of RW Advisory. William places the current ‘correction’ in the context of Bitcoin’s previous corrections and says it still has a long […]

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