SEC Charges Broker-Dealer and Two Employees with Engaging in Unauthorized Securities Transactions

(HedgeCo.Net) The Securities and Exchange Commission has charged broker-dealer Alpine Securities Corporation, its former Chief Executive Officer Christopher Doubek, and its current Chief Operations Officer Joseph Walsh with engaging in a series of unauthorized securities transactions. According to the SEC’s […]

Angel Oak Capital Advisors Charged with Misleading Investors in $90 Million Fix-and-Flip Securitization

(HedgeCo.Net) The Securities and Exchange Commission has charged Atlanta-based Angel Oak Capital Advisors, LLC and its portfolio manager Ashish Negandhi for misleading investors about the firm’s fix-and-flip loan securitization’s delinquency rates. Angel Oak and Negandhi have agreed to settle charges […]

SEC Awards More Than $16 Million to Two Whistleblowers

(HedgeCo.Net) The Securities and Exchange Commission has awarded $16 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action.   The first whistleblower prompted the opening of the investigation and provided information on difficult-to-detect violations. […]

Crown Bridge Agrees To Pay $9-Million to Settle SEC Charges

(HedgeCo.Net) The Securities and Exchange Commission has settled charges against a convertible note dealer, Crown Bridge Partners, LLC, and its managing members, Soheil and Sepas Ahdoot of Great Neck, N.Y., for failing to register with the SEC as securities dealers. […]

Surgalign Holdings to Pay $2 Million to Settle Accounting and Disclosure Fraud Charges

(HedgeCo.Net) The Securities and Exchange Commission has charged Surgalign Holdings, Inc., formerly RTI Surgical Holdings, Inc., and former executives Brian Hutchison and Robert Jordheim for masking disappointing sales numbers by shipping future orders ahead of schedule to accelerate, or “pull […]

SEC Charges Convertible Note Dealer and Its Long Island-Based Owners for Failure to Register

(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against a convertible note dealer, Crown Bridge Partners, LLC, and its managing members, Soheil and Sepas Ahdoot of Great Neck, N.Y., for failing to register with the SEC as securities […]

SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme

(HedgeCo.Net) The Securities and Exchange Commission has charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, including in the […]

JPMorgan, UBS, and TradeStation Charged for Deficiencies Relating to the Prevention of Customer Identity Theft

(Hedgeco.Net) The Securities and Exchange Commission today separately charged J.P. Morgan Securities LLC, UBS Financial Services Inc., and TradeStation Securities, Inc. for deficiencies in their programs to prevent customer identity theft, in violation of the SEC’s Identity Theft Red Flags […]

Former Chief Information Officer and Four Friends Charged in Insider Trading Ring

(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Amit Bhardwaj, the former Chief Information Security Officer of Lumentum Holdings Inc., and his friends Dhirenkumar Patel, Srinivasa Kakkera, Abbas Saeedi, and Ramesh Chitor. According to the SEC’s […]

SEC Files Multiple Insider Trading Actions Originating from the Market Abuse Unit’s Analysis and Detection Center

(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against nine individuals in connection with three separate alleged schemes that together yielded more than $6.8 million in ill-gotten gains. Those charged include a former chief information security officer […]

Equitable Financial To Pay $50 Million Penalty To Settle SEC Charges That It Provided Misleading Account Statements to Investors

(HedgeCo.Net) Accounts belonged to public school teachers and staff investing for retirement. The Securities and Exchange Commission has announced fraud charges against Equitable Financial Life Insurance Company for providing account statements to about 1.4 million variable annuity investors that included […]

Former Coinbase manager and two others charged in crypto insider trading scheme

(HedgeCo.Net) The Securities and Exchange Commission has announced insider trading charges against a former Coinbase product manager, his brother, and his friend for perpetrating a scheme to trade ahead of multiple announcements regarding certain crypto assets that would be made […]

SEC Issues More than $17 Million Award to a Whistleblower

(HedgeCo.Net) The Securities and Exchange Commission has announced an award of more than $17 million to a whistleblower who provided information and assistance in a covered action and related action. The whistleblower’s information prompted SEC staff to open a new […]

Equitable Financial To Pay $50 Million Penalty For Allegedly Providing Misleading Account Statements to Investors

(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against Equitable Financial Life Insurance Company for providing account statements to about 1.4 million variable annuity investors that included materially misleading statements and omissions concerning investor fees. Equitable agreed to […]

Syndicated Headlines
  • Melvin Capital under investigation by the SEC
    Today, August 15, 2022 : Permalink

    (Hedgeweek) Risk controls and investor disclosures at Melvin Capital Management are being investigated by the US Securities and Exchange Commission (SEC) following the fund’s mauling during last year’s meme-stock frenzy, according to a report by Reuters.  To read this article:

  • Stock futures fall slightly ahead of a big retail earnings week
    Today, August 15, 2022 : Permalink

    (CNBC) U.S. equity futures were slightly lower Monday morning after some positive inflation data helped advance all of the major indexes and ahead of a big earnings week for retailers. Futures tied to the Dow Jones Industrial Average fell 65 […]

  • Cloud stocks are rallying after a punishing start to the year as 2022 outlook brightens
    Today, August 15, 2022 : Permalink

    (CNBC) Investors looking to get into beaten-down cloud stocks at bargain basement prices may have missed their opportunity. Scanning the cloud software market, which tanked to start the year, numerous stocks have jumped 50% from their lows. The WisdomTree Cloud […]

  • Tesla hedging: New ETF gears up to attract hesitant investors
    Today, August 15, 2022 : Permalink

    (CNBC) Risk-averse investors have a new option to make safer bets on Tesla. Innovator ETFs launched the Innovator Hedged TSLA Strategy ETF (TSLH) – among other defined outcome products – last month. According to the ETF’s CEO Bruce Bond, it gives […]