Hedge Fund News From HedgeCo.Net


SEC Proposes to Enhance Protections and Preserve Choice for Retail Investors

(HedgeCo.Net) The Securities and Exchange Commission has voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment advisers and broker-dealers while preserving access to a variety of types of […]

SEC Orders Three Investment Advisers to Pay $12 Million to Harmed Clients

(hedgeCo.Net) The Securities and Exchange Commission has announced that three investment advisers have settled charges for breaching fiduciary duties to clients and generating millions of dollars of improper fees in the process. According to the SEC’s orders, PNC Investments LLC, […]

SEC Charges Medical Device Company and Founder With Fraud

(Hedgeco.Net) The Securities and Exchange Commission has charged convicted felon and former NHL team owner Peter H. Pocklington, his medical device company, and others with defrauding investors by hiding Pocklington’s recidivist history and by misappropriating investor funds. The SEC alleges […]

SEC Awards Whistleblower More Than $2.1 Million

(Hedgeco.Net) The Securities and Exchange Commission have issued a announced a whistleblower award of more than $2.1 million to a former company insider whose information led to multiple successful enforcement actions. The whistleblower’s information strongly supported the findings in the […]

SEC Orders Three Investment Advisers to Pay $12 Million to Harmed Clients

(HedgeCo.Net) The Securities and Exchange Commission has announced that three investment advisers have settled charges for breaching fiduciary duties to clients and generating millions of dollars of improper fees in the process. According to the SEC’s orders, PNC Investments LLC, […]

SEC Charges Texas Company, Principals in Multimillion Dollar Ponzi Scheme Targeting Seniors

(HedgeCo.Net) The Securities and Exchange Commission has charged two Texas companies and their principals in a $2.4 million Ponzi scheme and in a related, $1.4 million offering fraud targeting retirees. The SEC’s complaint alleges that, from 2010 to 2017, Clifton […]

SEC Obtains Emergency Freeze of $27 Million in Stock Sales of Purported Cryptocurrency Company Longfin

(HedgeCo.Net) The Securities and Exchange Commission has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its CEO, and three other […]

SEC Orders Three Investment Advisers to Pay $12 Million to Harmed Clients

(HedgeCo.Net) The Securities and Exchange Commission has announced that three investment advisers have settled charges for breaching fiduciary duties to clients and generating millions of dollars of improper fees in the process. According to the SEC’s orders, PNC Investments LLC, […]

Rising Short Term Interest Rates Should Help Some Hedge Fund Strategy Returns

(HedgeCo.Net) The Federal Reserve increased its target range for the federal funds rate by 25 bps to 1.50-1.75% on Wednesday, March 21. This marks the 6th incremental increase since December 2015 following the dramatic cut in rates during the financial […]

SEC Charges Fintech Company Founder With Scheme to Defraud Investors and Misappropriate Funds

(HedgeCo.Net) The Securities and Exchange Commission has charged Michael Liberty, the founder of the fintech startup now known as Mozido Inc., with a scheme to trick hundreds of investors into investing in his shell companies instead of Mozido. Liberty and […]

SEC Charges Prominent Pastor, Financial Planner in Scheme to Defraud Elderly Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged the pastor of one of the largest Protestant churches in the country and a self-described financial planner in a scheme to defraud elderly investors by selling them interests in defunct, pre-Revolutionary Chinese […]

Broker-Dealer Admits It Failed to File SARs

(HedgeCo.Net) Aegis Capital Corporation, a New York-based brokerage firm, has admitted that it failed to file Suspicious Activity Reports (SARs) on numerous suspicious transactions. Broker-dealers are required to file SARs for certain transactions suspected to involve fraudulent activity or have […]

SEC Charges Recidivist Broker-Dealer in Employee’s Long-Running Pump-and-Dump Fraud

(HedgeCo.Net) The Securities and Exchange Commission announced charges against Wedbush Securities Inc. for failing to supervise employee Timary Delorme after the broker-dealer ignored numerous red flags indicating that Delorme was involved in a long-running pump-and-dump scheme targeting retail investors. Delorme […]

Kinross Gold Charged With FCPA Violations

(HedgeCo.Net) The Securities and Exchange Commission today announced a settled action against Canada-based Kinross Gold Corporation for Foreign Corrupt Practices Act violations arising from the company’s repeated failure to implement adequate accounting controls of two African subsidiaries. According to the […]

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