SEC Settles with Investment Adviser Who Failed to Disclose Conflicts of Interest and Misled Advisory Clients

(HedgeCo.Net) The U.S. District Court for the Central District of California entered final judgments by consent against Craig Rumbaugh and two companies he owns and controls, Rumbaugh Financial, Inc. (RFI), a California-registered investment adviser, and Desert Strategic Equity, LLC (DSE). […]

SEC Charges E-Commerce Startup and CEO With Defrauding Investors

(Hedgeco.Net) The Securities and Exchange Commission has charged a San Francisco-based e-commerce startup and its chief executive officer with misleading investors about purported contracts with well-known consumer brands. According to the SEC’s complaint, from 2018 to 2020, Andrew J. Chapin, […]

Winston Reed Investments To Pay $255,000 In Restitution

(HedgeCo.Net) The U.S. District Court for the Western District of North Carolina entered final consent judgments against Mark N. Pyatt and Winston Reed Investments LLC in connection with their roles in a fraudulent investment scheme. The SEC’s complaint alleged that, […]

Final Judgment Handed Down Against North Carolina Investment Adviser

(HedgeCo.Net) The U.S. District Court for the Western District of North Carolina entered a final judgment as to monetary relief against Richard W. Davis, whom the SEC previously charged in connection with a scheme to defraud advisory clients and misappropriate […]

Atlanta Investment Adviser Charged with Fraudulent Securities Offering and Misappropriating Investor Funds

(HedgeCo.Net) The Securities and Exchange Commission charged Atlanta, Georgia-based investment adviser Christopher Burns with defrauding investors and misappropriating investor funds. According to the SEC’s complaint, Burns, through his investment adviser firm Investus Advisers LLC d/b/a Dynamic Money LLC, sold more […]

SEC Chairman Jay Clayton Confirms Plans to Conclude Tenure at Year End

(HedgeCo.Net) Jay Clayton, Chairman of the Securities and Exchange Commission, confirmed today that after serving for more than three and a half years, he will conclude his tenure at the end of this year.  Chairman Clayton was sworn in on […]

Former Wells Fargo Executives Charged for Misleading Investors About Key Performance Metric

(HedgeCo.Net) The Securities and Exchange Commission has charged former Wells Fargo & Co. CEO and Chairman John G. Stumpf and former head of Wells Fargo’s Community Bank Carrie L. Tolstedt for their roles in allegedly misleading investors about the success […]

SEC Charges Investment Adviser with Fraudulent Securities Offering

(HedgeCo.Net) The Securities and Exchange Commission has charged an unregistered investment adviser, who allegedly concealed his criminal past, with defrauding his clients through the offer and sale of investments in a fictitious investment fund, and misappropriating a large portion of […]

Final Judgment Handed Down Against Former Senior Partner at Apollo Management Who Defrauded Fund Clients

(HedgeCo.Net) The Securities and Exchange Commission obtained a final judgment against Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., who used client assets to fund his personal lifestyle. The SEC’s complaint, filed on October 25, 2017, alleged that […]

Three Traders Settle Fraud Charges in Edgar Hacking Case

(HedgeCo.Net) The Securities and Exchange Commission has announced settlements with Sungjin Cho, Ivan Olefir, and Capyield Systems, Ltd., an entity controlled by Olefir, who were charged with trading on nonpublic corporate earnings information hacked from the SEC’s EDGAR system. According […]

Three Traders Settle Fraud Charges in Edgar Hacking Case

(HedgeCo.Net) The Securities and Exchange Commission has announced settlements with Sungjin Cho, Ivan Olefir, and Capyield Systems, Ltd., an entity controlled by Olefir, who were charged with trading on nonpublic corporate earnings information hacked from the SEC’s EDGAR system. According […]

Federal Court Orders Colorado Company and its Principal to Pay Over $900,000 for Digital Asset and Forex Ponzi Scheme

(HedgeCo.Net) The Commodity Futures Trading Commission has announced that the U.S. District Court for the District of Colorado entered a judgment against defendants Venture Capital Investments LLC (VCI) and its principal and manager Breonna Clark d/b/a Eliot Clark d/b/a Alexander Pak […]

SEC Charges Investment Adviser with Fraudulent Securities Offering

(HedgeCo.Net) The Securities and Exchange Commission has charged an unregistered investment adviser, who allegedly concealed his criminal past, with defrauding his clients through the offer and sale of investments in a fictitious investment fund, and misappropriating a large portion of […]

SEC Charges Seven Individuals with Unregistered Brokerage Activity Related to the Sale of Numerous Microcap Securities

(HedgeCo.Net) The Securities and Exchange Commission charged Alex Forester, Michael Hicks, Yarden Krampf, Christopher Lee, Sean O’Neal, Michael Raynor, and Lee Sobel for acting as unregistered brokers in connection with widespread boiler room activity. According to the SEC’s complaint, between […]

Syndicated Headlines