Category Archives: HedgeCo News

SEC Charges Father and Son Investment Advisers with Fraud

(HedgeCo.Net) The Securities and Exchange Commission has charged father and son investment advisers, Michael and David Sztrom of Rancho Santa Fe, California, and their company Sztrom Wealth Management, Inc., with defrauding advisory clients by creating the false impression that Michael […]

SEC Awards Nearly $600,000 to Whistleblower

(HedgeCo.Net) The Securities and Exchange Commission has announced an award of nearly $600,000 to a whistleblower whose tip led to the success of an enforcement action.  The whistleblower substantially contributed to an open investigation by providing detailed and highly valuable […]

Former Investment Advisor barred from association with any broker, dealer, investment adviser, municipal securities dealer.

HedgeCo.Net) The Honorable Robert Gettleman of the U.S. District Court for the Northern District of Illinois has entered a final judgment, by consent, against Kerry L. Hoffman, whom the Securities and Exchange Commission had charged with fraudulently selling securities to […]

SEC Charges Fund Manager With Misappropriating Over $7 Million From Retail Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged fund manager Eric C. Malley and his company MG Capital Management L.P. with defrauding retail investors in two real estate funds managed by MG Capital. According to the SEC’s complaint, beginning in […]

SEC Obtains Emergency Relief Freezing Assets and Halting an Alleged Ongoing Fraud

(HedgeCo.Net) The Securities and Exchange Commission has obtained an emergency court order freezing assets of a San Juan Capistrano, California-based company and its founder, who allegedly were carrying out an ongoing investment fraud. According to the SEC’s complaint, filed on […]

Deutsche Bank To Pay $120-Million To Settle FCPA Violations Related to Third-Party Intermediaries

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Deutsche Bank AG for violations of the Foreign Corrupt Practices Act (FCPA).  As part of coordinated resolutions with the SEC and the Department of Justice, Deutsche Bank has agreed to […]

SEC Issues Over $1.1 Million to Multiple Whistleblowers

(HedgeCo.Net) The Securities and Exchange Commission has announced awards totaling more than $1.1 million to five whistleblowers who provided high-quality information that led to successful enforcement actions. In the first order, the SEC awarded three whistleblowers almost $500,000 in connection […]

SEC Obtains Final Judgment Against Investment Adviser Who Misappropriated Over $5 Million from Clients

(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a final consent judgment against Barry F. Connell, who was previously charged with investment adviser fraud for having misappropriated client funds. According to the SEC’s complaint, […]

SEC Charges Individuals with Fraud for Misappropriating Investor Funds

(HedgeCo.Net) The Securities and Exchange Commission has charged William “Bill” Bowser, Christopher Ashby, Scott Beynon, and Jordan Nelson with securities fraud for misappropriating investor funds meant for the development and construction of new event centers. The SEC’s complaint alleges that […]

SEC Obtains Final Judgment Against Orchestrator of Market Manipulation Scheme

HedgeCo.Net) The United States District Court for the District of New Jersey has entered a final consent judgment against Joseph Taub, whom the SEC charged with orchestrating a market manipulation scheme. The SEC’s complaint, filed on December 12, 2016 and […]

SEC Charges Long Island City Man with Trading and Tipping Others as Part of Insider Trading Scheme

(HedgeCo.Net) The Securities and Exchange Commission has charged Jason Peltz of Long Island City, New York with insider trading ahead of a media report about the potential acquisition of chemical manufacturer Ferro Corp. that caused the company’s stock price to […]

SEC Obtains Emergency Asset Freeze, Charges Crypto Fund Manager with Fraud

(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained an order imposing an asset freeze and other emergency relief against Virgil Capital LLC and its affiliated companies in connection with an alleged securities […]