Hedge Fund News From HedgeCo.Net


Former Amazon Employee and College Friend Charged With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against a former Amazon financial analyst who allegedly leaked confidential information to his former fraternity brother in advance of a company earnings announcement so they could turn an illegal […]

SunTrust Charged With Improperly Recommending Higher-Fee Mutual Funds

(HedgeCo.Net) The Securities and Exchange Commission today charged the investment services subsidiary of SunTrust Banks with collecting more than $1.1 million in avoidable fees from clients by improperly recommending more expensive share classes of various mutual funds when cheaper shares […]

SEC Monitoring Impact of Hurricane Irma on Capital Markets, Continues to Monitor Impact of Hurricane Harvey

(HedgeCo.Net) The Securities and Exchange Commission is closely monitoring of the impact of Hurricane Irma on investors and capital markets, and continues to monitor the impacts of Hurricane Harvey. “As we are doing in areas affected by Hurricane Harvey, the […]

Former Amazon Employee and College Friend Charged With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today announced insider trading charges against a former Amazon financial analyst who allegedly leaked confidential information to his former fraternity brother in advance of a company earnings announcement so they could turn an illegal […]

State Street Paying Penalties to Settle Fraud Charges and Disclosure Failures

(HedgeCo.Net) The Securities and Exchange Commission today announced that State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups for transition management services and separately omitted material information about the operation […]

SmartX Announces the Addition of BlackRock, Morningstar Investment Management, Nasdaq Dorsey Wright HedgeCoVest is now SmartX Advisory Solutions

(HedgeCo.Net) SmartX Advisory Solutions, a leading technology firm formerly known as HedgeCoVest, today announced the addition of twenty-seven investment strategies to its managed accounts platform, including models offered by Blackrock, Morningstar Investment Management, and Nasdaq Dorsey Wright. The new investment […]

Are There Still Opportunities in Structured Credit Hedge Fund Strategies

(HedgeCo.Net) Hedge fund managers focused on structured credit strategies can be simplistically divided into two categories: beta managers or alpha generators. Many investors believe the beta opportunity born out of the financial crisis has substantially run its course. As such, […]

KPMG Pays $6.2 Million to Settle Charges Centered Around Audit Failures

(HedgeCo.Net) The Securities and Exchange Commission has announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being […]

Former Pharma Company Accountant, Three Others Charged With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today charged an accountant and three others with insider trading on market-moving news about the New Jersey-based pharmaceutical company where the accountant formerly worked. The SEC’s complaint, filed in federal court in New Jersey, […]

SEC Charges Investment Adviser With Defrauding Professional Athlete and His Wife

(HedgeCo.Net) The Securities and Exchange Commission today charged investment adviser Jeremy Drake with defrauding two clients, a high profile professional athlete and the athlete’s wife, by deceiving them about the investment advisory fees they were paying. The SEC alleges that […]

SEC Uncovers Wide-Reaching Insider Trading Scheme

(HedgeCo.Net) The Securities and Exchange Commission today announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions. Data analysis allowed the SEC’s enforcement staff to uncover […]

Muni Bond Issuer and Underwriter Charged With Disclosure Failures

(HedgeCo.Net) The Securities and Exchange Commission today announced that a municipal financing authority in Beaumont, California, and its then-executive director have agreed to settle charges that they made false statements about prior compliance with continuing disclosure obligations in five bond […]

Hedge Fund Adviser Charged for Inadequate Controls to Prevent Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today announced that hedge fund advisory firm Deerfield Management Company L.P. has agreed to pay more than $4.6 million to settle charges that it failed to establish, maintain, and enforce policies and procedures reasonably […]

Banca IMI Securities to Pay $35 Million for Improper Handling of ADRs

(HedgeCo.Net) The Securities and Exchange Commission today announced that broker Banca IMI Securities Corp. (BISC), an indirect, wholly-owned U.S. subsidiary of Italian bank Intesa Sanpaolo SpA, has agreed to pay more than $35 million to settle charges that it violated […]

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