Hedge Fund News From HedgeCo.Net


SEC Charges Firm With Failing to Properly Disclose Perks for Executives

(HedgeCo.Net) The Securities and Exchange Commission today charged a biopharmaceutical company with committing a series of accounting controls and disclosure violations, including the failure to properly report as compensation millions of dollars in perks provided to its then-CEO and then-CFO. […]

Former Company Insider Earns More Than $4.1 Million for Whistleblower Tip

(HedgeCo.Net) The Securities and Exchange Commission today announced an award of more than $4.1 million to a former company insider who alerted the agency to a widespread, multi-year securities law violation and continued to provide important information and assistance throughout […]

California Audit Firm Charged With Fraud

(HedgeCo.Net) A California-based audit firm is being charged with conducting flawed audits and reviews of financial statements, which are critical sources of information for investors. The SEC’s Enforcement Division alleges that Anton & Chia LLP and its accountants ignored numerous […]

SEC Emergency Action Halts ICO Scam

(HedgeCo.Net) The Securities and Exchange Commission today announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold […]

Florida Penny Stock Operators Charged With Defrauding Elderly Investors

(HedgeCo.Net) The Securities and Exchange Commission today charged two individuals with defrauding elderly investors in a penny stock scheme involving Florida entertainment companies and their “Spongebuddy” product. The charges are part of the Miami Regional Office’s Recidivist Initiative which has […]

Long Island Town and Former Top Official Charged With Defrauding Municipal Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged Oyster Bay, New York, and its former top elected official with defrauding investors in the town’s municipal securities offerings by hiding the existence and potential financial impact of side deals with a […]

SEC files 754 enforcement actions in 2017 returning $1.07 billion to investors.

(HedgeCo.Net) In its ongoing efforts to protect Main Street investors, the Securities and Exchange Commission’s Enforcement Division has issued a report highlighting its priorities for the coming year as well as a review of enforcement actions that took place during […]

Maryland Firm Hit With $1.5-Million Penalty

(HedgeCO.Net) A Maryland-based biotech company and four former top executives with prioritizing revenue growth over lawful accounting and misleading investors in the process. The SEC alleges that Osiris Therapeutics routinely overstated company performance and issued fraudulent financial statements for a […]

Long Island Town and Former Top Official Charged With Defrauding Municipal Investors

(HedgeCo.Net) The Securities and Exchange Commission today charged Oyster Bay, New York, and its former top elected official with defrauding investors in the town’s municipal securities offerings by hiding the existence and potential financial impact of side deals with a […]

Paid to Click Scams Allegedly raise more than $38 million from 150,000 investors

(HedgeCo.Net) The Securities and Exchange Commission is warning investors to beware online “paid-to-click” scams that promise an easy payday by merely purchasing a membership or an advertising product up front and then clicking on a certain number of online ads […]

SEC Enforcement Efforts Return $1.07 Billion to Investors in 2017

(HedgeCo.Net) In its ongoing efforts to protect Main Street investors, the Securities and Exchange Commission’s Enforcement Division today issued a report highlighting its priorities for the coming year as well as a review of enforcement actions that took place during […]

Former Private Equity Firm Partner Charged With Secretly Billing Clients for His Vacations and Salon Visits

(HedgeCo.Net) The Securities and Exchange Commission has charged Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., with defrauding his fund clients by secretly billing them for approximately $290,000 in personal expenditures, including his family vacations, visits to […]

Day Trader Charged in Brokerage Account Takeover Scheme

(HedgeCo.Net)The Securities and Exchange Commission today charged a day trader based in the Philadelphia area with participating in a scheme to access the brokerage accounts of more than 100 unwitting victims and make unauthorized trades to artificially affect the stock […]

Millennium Settles Charges of Illegal Short Selling in Advance of Stock Offerings

(HedgeCo.Net) Investment advisory firm Millennium Management LLC has agreed to pay more than $630,000 to settle charges that it shorted U.S. stocks in companies planning follow-on offerings and then illegally bought shares in the follow-on offerings. An SEC investigation found […]

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Syndicated Headlines
  • Chicago ‘Hedge Fund Manager’ Indicted On $10m Fraud
    Yesterday, December 14, 2017 : Permalink

    (Chicago Business) Shawn Baldwin got an amazing amount of air-time on CNBC, CNN, and other channels in the past decade. Now, federal prosecutors allege that’s about the period over which he’s been swindling investors. Chicago investment manager Shawn Baldwin, who […]

  • Hedge Funds Flock to Broker That Embraced Bitcoin Futures Early
    Yesterday, December 14, 2017 : Permalink

    (Bloomberg) A London-based brokerage is going where many large banks fear to tread — and it’s paying off. ED&F Man Capital Markets, a $14.2 billion company, has signed agreements with 35 hedge funds, family offices and proprietary-trading firms to help […]

  • Hedge Fund Pinyon Asset Management to Return All Client Money
    Yesterday, December 14, 2017 : Permalink

    (Bloomberg) Patrick Burke’s hedge fund Pinyon Asset Management, which was backed by Grosvenor Capital Management, is returning all capital to investors.“The vast majority of periods over the last two decades have been particularly favorable to our investment approach,” the event-driven […]

  • Activist Hedge Fund’s Two-Pronged Attack On Hitachi
    Yesterday, December 14, 2017 : Permalink

    (Nikkei Asian Review) Kohlberg Kravis Roberts finally succeeded in buying a substantial stake in Hitachi Kokusai Electric, ending months of a takeover tussle with Elliott Management. But it may be Elliott that has emerged the ultimate winner, having tackled two […]



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