Fraudster Sentenced to More Than Five Years in Criminal Case

(HedgeCo.Net) Edward E. Matthes, who was charged by the SEC in January 2020 with defrauding his mostly elderly retail brokerage customers and investment advisory clients, has been sentenced in a parallel criminal case to 63 months in prison and ordered […]

Court Enters Partial Judgment Against Investment Adviser Charged with Stealing Client Funds

(HedgeCo.Net) The United States District Court for the District of Connecticut entered a partial judgment against Matthew O. Clason on June 3, 2021 in a previously-filed SEC case that charged Clason, a Connecticut-based investment adviser, with stealing hundreds of thousands […]

SEC Charges Couple With Insider Trading on Confidential Clinical Trial Data

(HedgeCo.Net) The Securities and Exchange Commission has charged a New York-based couple with insider trading in the stock of the pharmaceutical company where one of them worked as a clinical trial project manager. The defendants have agreed to pay more than […]

SEC Charges Portfolio Manager with Using Forged Document to Offer Securities to Investor

(HedgeCo.Net) The Securities and Exchange Commission today charged Thomas Nicholas Salzano, of Secaucus, New Jersey, with using a sham loan document containing a forged signature in a fraudulent attempt to entice a $150,000 investment in a real estate joint venture […]

Federal Court Orders Florida Man to Pay More than $500,000 for Attempting to Fraudulently Profit From COVID-19

(HedgeCo.Net) The Commodity Futures Trading Commission has announced that the U.S. District Court for the Western District of Texas entered an order granting the CFTC’s motion for default judgment against defendant James Frederick Walsh of Boca Raton, Florida. The order finds […]

SEC Obtains Final Judgments Against Two Former Officers in Accounting Fraud

(Hedgeco.Net) The United States District Court for the District of Minnesota has entered final consent judgments against two former executives of Digiliti Money Group, Inc., a now-defunct financial technology firm. The SEC’s complaint, filed on April 3, 2019, alleged that, between […]

Investment Adviser Charged with Defrauding Clients out of $2.9 Million

(HedgeCo.Net) The Securities and Exchange Commission has charged Massachusetts-based investment adviser James K. Couture with defrauding his advisory clients, including by misappropriating approximately $2.9 million from them. The SEC’s complaint, filed in federal court in Massachusetts, alleges that from approximately […]

SEC Charges U.S. Promoters of $2 Billion Global Crypto Lending Securities Offering

(Hedgeco.Net) The Securities and Exchange Commission has announced that it has filed an action against five individuals alleging that they promoted a global unregistered digital asset securities offering that raised over $2 billion from retail investors. According to the SEC’s […]

Mutual Fund Executives Charged with Misleading Investors in Funds that Suffered $1 Billion Loss

(HedgeCo.Net) The Securities and Exchange Commission has filed a civil action alleging that investment advisers LJM Funds Management Ltd. and LJM Partners Ltd. and their portfolio managers, Anthony Caine and Anish Parvataneni, fraudulently misled investors and the board of directors of a […]

SEC Charges Investment Entity and Principals with Securities Fraud and Registration Violations

(HedgeCo.Net) The Securities and Exchange Commission charged Colorado and Florida residents Randy R. King, Matthew B. King, and Andrea S. Trout and three entities they operated, The Legacy Group, Inc., Colorado Ventures I, LLC, and Radiant Holdings, LLC, with fraudulently […]

SEC Obtains Final Judgment Against Broker Charged with Defrauding Customers

(HedgeCo.Net) The U.S. District Court for the Southern District of New York entered a final consent judgment against a New York-based broker who was previously charged by the SEC with defrauding retail customers. On September 7, 2018, the SEC charged […]

SEC Charges Broker-Dealer with Order Execution Violations

(HedgeCo.Net) The Securities and Exchange Commission has charged broker-dealer BTIG, LLC with repeatedly violating the order-marking and locate provisions of Regulation SHO, which regulates the short-selling of securities. According to the SEC’s complaint, from December 2016 through July 2017, BTIG […]

SEC Charges Additional Unregistered Broker Who Sold $10.8 Million in 1 Global Securities to Investors

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against an additional individual in connection with its ongoing investigation related to 1 Global Capital, LLC, a South Florida merchant cash advance company. The SEC previously charged 1 Global, its owner, […]

S&P Dow Jones Indices Pays $9-Million to settle Charges for Failures Relating to Volatility-Related Index

(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against S&P Dow Jones Indices LLC for failures relating to a previously undisclosed quality control feature of one of its volatility-related indices, which led S&P DJI to publish and disseminate […]

Syndicated Headlines