Category Archives: HedgeCo Networks Press Releases

SEC Charges Eagle Bancorp and Former CEO with Failing to Disclose $90 Million in Party Loans

(HedgeCo.Net) The Securities and Exchange Commission has charged Eagle Bancorp, Inc., based in Bethesda, Maryland, and its former Chief Executive Officer and Chairman of the Board, Ronald D. Paul, with negligently making false and misleading statements about related party loans […]

18 Defendants Charged in International Scheme to Manipulate Stocks Using Hacked US Brokerage Accounts

(HedgeCo.Net) The Securities and Exchange Commission has charged 18 individuals and entities for their roles in a fraudulent scheme in which dozens of online retail brokerage accounts were hacked and improperly used to purchase microcap stocks to manipulate the price […]

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 […]