Hedge Fund News From HedgeCo.Net


Former Top Executives Charged With Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million. The […]

SEC Files Charges in Snack Company Investment Scam

(HedgeCo.Net) The Securities and Exchange Commission has charged three individuals who defrauded investors in a company that falsely claimed to be developing a caffeinated chocolate snack and nearing an acquisition by Monster Energy or Coca-Cola Co. The SEC’s complaint alleges […]

SEC Announces Whistleblower Award of More Than a Million Dollars

(HedgeCo.Net) The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity […]

Feds Charge Former VP at Life Time Fitness and Six Traders With Insider Trading

(HedgeCo.Net) In a complaint filed in U.S. District Court in the Northern District of Illinois, the SEC alleges that Shane P. Fleming, a former vice president of sales at Life Time Fitness, learned of the merger discussions on or before […]

Three New York Brokers Charged For Making Unsuitable Recommendations Generating Large Client Losses

(HedgeCo.Net) Brokers must make recommendations that are compatible with their customers’ financial needs, investment objectives, and risk tolerances. An SEC examination of the firm Alexander Capital L.P. detected potential misconduct among certain brokers, and the ensuing investigation has led to […]

SEC Exposes Two Initial Coin Offerings Purportedly Backed by Real Estate and Diamonds

(HedgeCo.Net) The Securities and Exchange Commission has charged a businessman and two companies with defrauding investors in a pair of so-called initial coin offerings (ICOs) purportedly backed by investments in real estate and diamonds. The SEC alleges that Maksim Zaslavskiy […]

Barred Broker Charged in Real Estate Investment Scheme

(HedgeCo.Net) The Securities and Exchange Commission has charged a former broker, his company, and his business partner in an alleged real estate investment scheme utilizing high-pressure sales tactics to pilfer $6 million from retirees and other investors while using the […]

SEC Charges Penny-Stock Operators in Push to Crack Down on Repeat Offenders

(HedgeCo.Net) The Securities and Exchange Commission today charged two individuals with defrauding investors in penny stock companies that claimed to have valuable patents. One of those charged had been barred from the penny stock business based on his role in […]

Is This the Time to Consider Reinsurance for a Diversified Hedge Fund Portfolio?

(HedgeCo.Net) Most institutional investors understand the uncorrelated, diversification benefits of property catastrophe reinsurance. Many have been waiting on the sidelines for a large event to happen that would drive up pricing before allocating to the strategy. The two big questions […]

Former Corporate Insider and Six Traders Charged With Insider Trading

(HedgeCo.Net) In a complaint filed in U.S. District Court in the Northern District of Illinois, the SEC alleges that Shane P. Fleming, a former vice president of sales at Life Time Fitness, learned of the merger discussions on or before […]

SEC Detects Brokers Defrauding Customers

(HedgeCo.Net) Three New York-based brokers have been charged with making unsuitable recommendations that resulted in substantial losses to customers and hefty commissions for the brokers. One of the brokers agreed to pay more than $400,000 to settle the charges. Brokers […]

Stock Market Analyst Barred for Illegally Cashing In On His Research Reports

(HedgeCo.Net) The Securities and Exchange Commission today charged a stock market analyst with insider trading prior to the publication of research reports and articles he authored with the false disclaimer that he wasn’t trading in the companies being covered. He […]

Pharmaceutical Company Paying Penalty for Misleading Investors About Sales Metric

(HedgeCo.Net) Aegerion Pharmaceuticals, now a subsidiary of Novelion Therapeutics, has agreed to pay a $4.1 million penalty to settle the charges that it misled investors on multiple occasions in 2013. The SEC’s complaint alleges that Aegerion told investors that the […]

Telecommunications Company Paying $965 Million For FCPA Violations

(HedgeCo.Net) Sweden-based telecommunications provider Telia Company AB has agreed to pay $965 million in a global settlement with the Securities and Exchange Commission, U.S. Department of Justice, and Dutch and Swedish law enforcement to resolve charges related to violations of […]

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