Category Archives: HedgeCo News

SEC Charges R.R. Donnelley & Sons Co. with Cybersecurity-Related Controls Violations

(HedgeCo.Net) The Securities and Exchange Commission as announced that R.R. Donnelley & Sons Company (RRD), a global provider of business communication and marketing services, agreed to pay over $2.1 million to settle disclosure and internal control failure charges relating to […]

Terraform and Kwon to Pay $4.5 Billion Following Fraud Verdict

(HedgeCo.Net) The Securities and Exchange Commission has announced that Terraform Labs PTE, Ltd. and Do Kwon agreed to pay more than $4.5 billion following a unanimous jury verdict holding them liable for orchestrating a years-long fraud involving crypto asset securities […]

JAG Capital Advisors and its Founder Joshua Goltry Charged with Defrauding Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged Joshua Goltry and his investment management firm, JAG Capital Advisors LLC (JAG Advisors), in connection with a three-year scheme to defraud investors of at least $3 million. According to the SEC’s complaint, […]

SEC Charges Three New Yorkers for Raising More Than $184 Million Through Pre-IPO Fraud Schemes

(HedgeCo.Net) The Securities and Exchange Commission has charged three individuals with fraud for selling unregistered membership interests in LLCs that purported to invest in shares of pre-IPO companies, first on behalf of StraightPath Venture Partners LLC, the subject of the […]

Audit Firm BF Borgers and Its Owner Charged with Massive Fraud Affecting 1,500 SEC Filings

(HedgeCo.Net) The Securities and Exchange Commission has charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “Respondents”), with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits […]

SEC Charges Five Investment Advisers for Marketing Rule Violations

(HedgeCo.Net) The Securities and Exchange Commission has settled charges against five registered investment advisers for Marketing Rule violations. All five firms have agreed to settle the SEC’s charges and to pay $200,000 in combined penalties. The five advisory firms are: […]

Arista Networks Founder Andy Bechtolsheim Charged with Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Andreas “Andy” Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company Arista Networks, Inc. To settle the SEC’s charges, Bechtolsheim agreed to pay a civil penalty […]

SEC Charges NY Advisory Firm for Disclosure Failures Ahead of Ryder Acquisition Bid

(Hedgeco.Net) The Securities and Exchange Commission has settled charges against New York-based investment adviser HG Vora Capital Management LLC for its failure to make timely ownership disclosures in the lead-up to its May 2022 acquisition bid for trucking fleet company […]

Founder of American Bitcoin Academy Online Crypto Course Charged with Fraud Targeting Students

(HedgeCo.Net) The Securities and Exchange Commission has announced that Brian Sewell and his company, Rockwell Capital Management, agreed to settle fraud charges in connection with a scheme that targeted students taking Sewell’s online crypto trading course known as the American […]

Founder of $1.7 Billion “HyperFund” Charged in Alleged Crypto Pyramid Scheme and Fraud

(HedgeCo.Net) The Securities and Exchange Commission has charged Xue Lee (aka Sam Lee) and Brenda Chunga (aka Bitcoin Beautee) for their involvement in a fraudulent crypto asset pyramid scheme known as HyperFund that raised more than $1.7 billion from investors […]

Northern Star SPAC Charged for Misrepresentations in its IPO-Related Disclosures

(HedgeCo.Net) The Securities and Exchange Commission has announced that Northern Star Investment Corp. II, a special purpose acquisition company (SPAC), has agreed to settle charges that it made misleading statements in forms filed with the SEC as part of its […]

Chicago-based Aon Investments Charged with Misleading Pennsylvania Public Employees’ Pension Fund

(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Aon Investments USA Inc., a Chicago-based registered investment adviser, and the firm’s former partner, Claire P. Shaughnessy, for misleading their client, the Pennsylvania Public School Employees’ Retirement System (PSERS), about […]