Category Archives: HedgeCo Networks Press Releases

New York Fund Manager and His Company Charged with Securities Fraud

(HedgeCo.Net) The Securities and Exchange Commission charged Joshua Burrell and his firm, Activated Capital, LLC, with securities fraud in connection with Opportunity Zone investments. The SEC’s complaint alleges that from at least February 2019 through February 2021, Burrell, through Activated, […]

Court Orders Asset Freeze Against Recidivist and Barred Investment Adviser and His Firm

(HedgeCo.Net) The Securities and Exchange Commission has obtained an asset freeze and other preliminary injunctive relief against Swapnil J. Rege and his company SwapStar Capital, LLC. The preliminary injunction and order freezing assets restrains defendants Rege and SwapStar from violating […]

SEC Charges Partner at Global Consulting Firm With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has charged Puneet Dikshit, a partner at a global management consulting firm, with illegally trading in advance of a corporate acquisition by one of the firm’s clients in September. The SEC’s complaint, filed in […]

SEC Wins Jury Trial: Hedge Fund Adviser Liable for Securities Fraud

(HedgeCo.Net) Jurors in Boston federal court returned have returned a verdict in the Securities Exchange Commission’s favor against a hedge fund adviser and his investment advisory firm. Gregory Lemelson and Massachusetts-based Lemelson Capital Management LLC were charged with fraud in […]

SEC Charges Exchange-Traded Product and Its General Partner With Disclosure Failures

(HedgeCo.Net) The Securities and Exchange Commission has charged United States Oil Fund LP, an exchange-traded product (ETP), and its general partner United States Commodity Funds LLC for misleading statements about limitations imposed by its sole futures commission merchant and broker. […]

Hedge Fund Adviser Found Liable for Securities Fraud

(HedgeCo.Net) Jurors in Boston federal court have returned a verdict in the Securities Exchange Commission’s favor against a hedge fund adviser and his investment advisory firm.  Gregory Lemelson and Massachusetts-based Lemelson Capital Management LLC were charged with fraud in September […]

SEC Obtains Emergency Relief in Case Charging Claims Aggregator and Principals with Multi-Million Dollar Fraud

(HedgeCo.Net) The Securities and Exchange Commission has charged a New Jersey “claims aggregator” – a firm that submits claims on behalf of its clients to administrators tasked with returning settlement funds to harmed investors – and its three principals with […]

SEC Charges Recidivist and Barred Investment Adviser and His Firm

(HedgeCo.Net) The Securities and Exchange Commission has charged a New Jersey-based individual with stealing money from investment advisory clients, and doing so while he was subject to a prior SEC order barring him from being in the investment advisory business. […]

SEC Charges Newport Beach Company and its Principals with Operating a $13.5 Million Ponzi-Like Scheme

(HedgeCo/Net) The Securities and Exchange Commission today announced that it has charged BNZ, a Newport Beach, California-based company, and its co-founders and co-managers Brett Barber and Louis Zimmerle, for fraudulently raising $13.5 million from more than 100 retail investors. According […]

SEC Obtains Asset Freeze in Halting Penny Stock Scheme on Twitter

(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action, and obtained an injunction and asset freeze, against Steven M. Gallagher for allegedly committing securities fraud through a long running scheme to manipulate stocks using Twitter. […]

Final Judgment Against Investment Professional Charged with Misappropriating Client Funds

(HedgeCo.Net) The Securities and Exchange Commission obtained a final judgment against defendant Marcus Boggs, whom the SEC previously charged with stealing more than $1.7 million from at least three of his investment advisory clients. The SEC’s complaint was filed on […]

Long Island Investment Professional Charged with Defrauding Investors

(HedgeCo.Net) The United States District Court for the Eastern District of New York has entered a final judgment against Steven Pagartanis, an East Setauket, New York resident whom the SEC alleged defrauded investors. The SEC’s complaint, filed May 30, 2018, […]