Category Archives: HedgeCo Networks Press Releases

BNY Mellon Investment Adviser Charged for Misstatements and Omissions Concerning ESG Considerations

(HedgeCo.Net) The Securities and Exchange Commission has charged BNY Mellon Investment Adviser, Inc. for misstatements and omissions about Environmental, Social, and Governance (ESG) considerations in making investment decisions for certain mutual funds that it managed. To settle the charges, BNY […]

Wells Fargo Advisors Charged With Anti-Money Laundering Related Violations

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Wells Fargo Advisors for failing to file at least 34 Suspicious Activity Reports (SARs) in a timely manner between April 2017 and October 2021. Wells Fargo Advisors, the St. Louis-based […]

Court Enters Final Judgment Against Investment Adviser COO

(HedgeCo.Net) The United States District Court for the Southern District of New York has entered a final judgment against Richard T. Diver, the former chief operating officer (COO) of an investment adviser. According to the SEC’s complaint, filed in March […]

Allianz Global Investors and Three Former Senior Portfolio Managers Charged with Multibillion Dollar Securities Fraud

(HedgeCo.Net) Allianz Global Investors Agrees to Pay More Than $1 Billion to Resolve SEC Charges. The Securities and Exchange Commission (SEC) has charged Allianz Global Investors U.S. LLC (AGI US) and three former senior portfolio managers with a massive fraudulent […]

SEC Obtains Final Judgment Ordering Mastermind of International Fraud Scheme to Pay $52-Million

(HedgeCo.Net) The Securities and Exchange Commission has announced that it obtained a final judgment against Canadian resident Frederick L. Sharp. In August 2021, the SEC charged Sharp with leading a fraudulent scheme that generated hundreds of millions of dollars from […]

Investment Adviser Sentenced to Nine-Years in Prison and hit with $47 Million in Restitution

(HedgeCo.Net) Brenda Smith, a Pennsylvania investment adviser charged by the Securities and Exchange Commission with defrauding investors and who previously pled guilty to securities fraud, has been sentenced to 109 months in prison and ordered to pay $47.2 million in […]

SEC Obtains Final Judgment Against Former Company CFO for Role in Ponzi Scheme

(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against the former Chief Financial Officer of a Marin County, California investment and management company for his role in a Ponzi scheme that defrauded investors. The SEC’s complaint, filed […]

SEC Obtains Final Judgment Against Michigan Investment Adviser for Fraud

(HedgeCo.Net) The U.S. District Court for the Eastern District of Michigan entered a final judgment against Steven F. Muntin, a former Michigan-based investment adviser representative at an SEC-registered investment adviser, for defrauding one of his investment advisory clients out of […]

SEC Halts Fraudulent Cryptomining and Trading Scheme

(HedgeCo.Net) Founders allegedly promised big returns, instead used investments to fund lavish lifestyles. The Securities and Exchange Commission has announced fraud charges against MCC International Corp. (MCC), which does business as Mining Capital Coin Corp., its founders Luiz Carlos Capuci, […]

SEC Charges New Jersey-Based Securities Fraud Recidivist with Defrauding Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged New Jersey resident and unregistered investment adviser, Mark Marchi, with defrauding investors in his fund Precipio Capital, LLC. According to the SEC’s complaint, between February 2016 and September 2020, Marchi solicited over […]

SEC Doubles Size of Enforcement’s Crypto Assets and Cyber Unit

(HedgeCo.Net) The Securities and Exchange Commission has announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the […]

SEC Charges CEO and President of Synergy Settlement Services with Fraudulent Operation of Special Needs Pooled Trusts

(HedgeCo.Net) Defendants allegedly used funds from deceased beneficiaries’ accounts on golf tournaments and beach parties. The Securities and Exchange Commission has announced fraud charges against Synergy Settlement Services, Inc., CEO Jason D. Lazarus, Esq., both based in Orlando, FL, and […]