Hedge Fund News From HedgeCo.Net


Och-Ziff Hedge Fund Settles FCPA Charges

(HedgeCo.Net) As we reported yesterday, The Securities and Exchange Commission today confirmed that Och-Ziff Capital Management Group has agreed to pay nearly $200 million to the SEC to settle civil charges of violating the Foreign Corrupt Practices Act (FCPA). Och-Ziff […]

Biotech Employee Charged With Insider Trading Ahead of Company’s Announcements About Breast Cancer Drug

(HedgeCo.Net) The Securities and Exchange Commission today charged the former senior director of regulatory affairs for Puma Biotechnology with insider trading ahead of the company’s news announcements about its drug to treat breast cancer. The SEC alleges that Robert Gadimian […]

UBS Financial Services Hit With $15-Million Penalty

(HedgeCo.Net) The Securities and Exchange Commission today announced that UBS Financial Services has agreed to pay more than $15 million to settle charges that it failed to adequately educate and train its sales force about critical aspects of certain complex […]

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, […]

Raymond James and Robert W. Baird Settle Charges Related to Compliance Failures

(Hedge Co.Net) The Securities and Exchange Commission today announced that two investment advisory firms are settling charges related to compliance failures within their wrap fee programs. SEC investigations found that St. Petersburg, Fla.-based Raymond James & Associates and Milwaukee-based Robert […]

SEC Charges Hedge Fund Manager Leon Cooperman With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today charged hedge fund manager Leon G. Cooperman and his firm Omega Advisors with insider trading based on material nonpublic information he learned in confidence from a corporate executive. The SEC alleges that Cooperman […]

SEC Issues $4 Million Whistleblower Award

(HedgeCo.Net) The Securities and Exchange Commission today announced an award of more than $4 million to a whistleblower whose original information alerted the agency to a fraud. The SEC’s whistleblower program has awarded more than $111 million to 34 whistleblowers […]

Ernst & Young, Former Partners Charged With Violating Auditor Independence Rules

(HedgeCo.Net) The Securities and Exchange Commission today announced that public accounting firm Ernst & Young has agreed to pay $9.3 million to settle charges that two of the firm’s audit partners got too close to their clients on a personal […]

Marijuana-Related Company Charged with Scheming Investors

(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges in a scheme involving illegal stock sales and false financial filings of a company that makes containers for growing marijuana. An SEC investigation found that William J. Sears orchestrated the […]

Two Large Firms Charged With Compliance Failures in Wrap Fee Programs

(HedgeCo.Net)— The Securities and Exchange Commission has announced that two investment advisory firms are settling charges related to compliance failures within their wrap fee programs. SEC investigations found that St. Petersburg, Fla.-based Raymond James & Associates and Milwaukee-based Robert W. […]

SEC Whistleblower Program Surpasses $100 Million in Awards

(HedgeCo.Net) The Securities and Exchange Commission’s awards to whistleblowers have surpassed the $100 million mark with the program’s second-largest award of more than $22 million announced earlier today. The whistleblower program was established by Congress to incentivize whistleblowers with specific, […]

“Stock Trading Whiz Kid” to Pay $1.5 Million to Settle Stock Newsletter Fraud Charges

(HedgeCo.Net) The Securities and Exchange Commission today announced that a self-proclaimed “stock trading whiz kid” and his stock newsletter company in Los Angeles have agreed to pay nearly $1.5 million to settle charges that they defrauded subscribers through false statements […]

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  • Volatility Hedge Fund Sees Bull Market in Fear as VIX Bets Jump
    Yesterday, September 30, 2016 : Permalink

    (Bloomberg) Beneath calm stocks, the volatility market is jumping.Take futures on the CBOE Volatility Index, whose volume surged 50 percent this month and is on pace for a record year, according to data compiled by Bloomberg. Belying the lull evidenced […]

  • Quant Hedge Funds Are China’s Hot New Export
    Yesterday, September 30, 2016 : Permalink

    (Bloomberg) Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to Marlon Sanchez, the Asia-Pacific head of […]

  • Natixis: Investors and Advisors Split on Return Expectations
    Yesterday, September 30, 2016 : Permalink

    (Fin Alternatives) Investors and their advisors are still miles apart in return expectations, according to a new survey by Natixis Global Asset Management, although the vast majority of advisors are turning to tools such as liquid alternatives to diversify their […]

  • Deutsche Bank Admits ‘Perception Issue’ as Shares Slide
    Yesterday, September 30, 2016 : Permalink

    (Reuters) Deutsche Bank shares were indicated down 6.2 percent ahead of the opening of the Frankfurt market on Friday, after Germany’s largest lender admitted it had an image problem with investors as fresh concerns over its stability emerged.The lurch followed […]



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