Hedge Fund News From HedgeCo.Net

Former New York Investment Advisor and Daughter Charged With Conducting a Ponzi Scheme

(HedgeCo.Net) A former Rockland County, New York-based investment adviser and his daughter have been charged by the SEC with conducting an alleged multi-million dollar Ponzi scheme that defrauded local community members as well as members of their family and close […]

Agria Corporation and Executive Chairman Charged With Fraud

(HedgeCo.Net) A multinational agricultural company has agreed to pay $3 million to settle charges that it concealed substantial losses from investors through fraudulent accounting in connection with its divestiture of its primary operating entity. In a related action, the company’s […]

Executives To Pay $2.7 Million to Settle Alleged ICO Scam Charges

(HedgeCo.Net) Two former executives behind an allegedly fraudulent initial coin offering (ICO) that was stopped by the Securities and Exchange Commission earlier this year have been ordered in federal court to pay nearly $2.7 million and prohibited from serving as […]

Three Broker-Dealers To Pay More Than $6 Million in Penalties for Providing Deficient Blue Sheet Data

(HedgeCo.Net) Three broker-dealers have agreed to pay more than $6 million to settle charges for providing the SEC with incomplete and inaccurate securities trading information in required SEC productions known as “blue sheet data,” which the SEC uses to carry […]

SEC Investigating Potential Pump-And-Dump Scheme.

(HedgeCo.Net) SEC Files Subpoena Enforcement in Possible Market Manipulation Scheme. The Securities and Exchange Commission filed a subpoena enforcement action against NVC Fund LLC and its principal, Frank Ekejija, seeking an order directing them to comply with an investigative subpoena […]

SEC Halts Alleged Insider Trading Ring Spanning Three Countries

(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against an IT contractor and two others he illegally tipped with confidential client information he stole while working in the Singapore branch of an investment bank. The SEC obtained […]

SEC Charges Owner of Options Trading Website for Defrauding Retail Investors

(HedgeCo.Net) The Securities and Exchange Commission Tuesday charged Mark Suleymanov of Glen Cove, New York with engaging in an online binary options scheme that defrauded retail investors out of approximately $4 million. The SEC’s complaint alleges that from at least […]

How do we solve the public pension fund crisis in the US? Are hedge funds to blame?

(HedgeCo.Net) An article recently published about the grossly underfunded Kentucky State Retirement System suggests that gambling on high fee hedge funds and private equity funds, and the use of placement agents, were primarily to blame. For many readers, it was […]

Three Florida Residents Charged With Orchestrating a Fraudulent Public Shell Company Scheme

(HedgeCo.Net) Fraud charges have been filed against a Florida-based CPA, a former broker, and his spouse, for their roles in a fraudulent scheme involving the creation and sale of a public shell company and false regulatory filings to facilitate the […]

SEC Charges Kentucky Man for Role in Nationwide Oil Investment Scheme

(HedgeCo.Net) The Securities and Exchange Commission charged a 35-year-old Kentucky man for his role in a scheme that resulted in the fraudulent offering and sale of at least $15 million of securities to more than 150 investors. The SEC’s complaint […]

Floyd Mayweather Jr. and music producer Khaled Khaled Charged with Unlawfully Touting Coin Offerings

HedgeCo.Net)The Securities and Exchange Commission today announced settled charges against professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). These […]

Additional Charges in New York Boiler Room Scheme Targeting Seniors

(HedgeCo.Net) The latest charges allege that First Choice Healthcare Solutions Inc. CEO Christian Romandetti, the boiler room, and four others, manipulated the company’s shares generating more than $3.3 million of illegal profits and more than $560,000 in kickbacks for Romandetti. […]

Self-Described Penny Stock Promoter Charged With Microcap Market Manipulation Scheme

(HedgeCo.Net) The Securities and Exchange Commission today charged a self-described penny stock promoter and an entity he controlled with orchestrating a scheme to manipulate trading in at least 97 microcap stocks. According to the SEC’s complaint, Eric Landis of Charlottesville, […]

SEC Obtains Final Judgement Against Steven A. Newman

(HedgeCo.Net) the Honorable Nicholas G. Garaufis of the United States District Court for the Eastern District of New York has entered a final judgment against defendant Steven A. Newman. The final judgment imposes on Newman a permanent injunction against future […]

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