Category Archives: HedgeCo News

SEC Obtains Judgment Against Market Manipulator

(HedgeCo.Net) The U.S. District Court in Boston entered a final judgment against Virginia resident Eric T. Landis, a recidivist market manipulator, and an entity he controlled, ordering them to pay over $2.5 million in disgorgement and deeming that amount satisfied […]

AT&T Pays $6m to Settle SEC Charge of Selectively Disclosing Material Information to Wall St. Analysts

(HedgeCo.Net) The Securities and Exchange Commission is announcing that AT&T agreed to pay a $6.25 million penalty and three company executives agreed to pay $25,000 apiece stemming from charges brought in March 2021 related to the company‚Äôs selective disclosure of […]

ABB To Pay $460m to Settles SEC Charges that it Engaged in Bribery Scheme in South Africa

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against global electrification and automation technology company, ABB Ltd, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme in South Africa. The company has agreed […]

SEC Charges New Defendant and Adds Whistleblower Impeding and Retaliation Claims in $149 Million Offering Fraud Case

(HedgeCo.Net) The Securities and Exchange Commission filed an amended complaint against Adam Rogas, the former CEO of Las-Vegas-based NS8, Inc., who was previously charged with defrauding investors by falsely claiming millions of dollars in revenue for NS8. The amended complaint […]

CFTC Charges Former Broker with Paying Brokerage Kickbacks and Misappropriating Nonpublic Information

(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Lee Tippett, a former broker with Classic Energy, LLC, for participating in a scheme to pay kickbacks to Matthew Clark, a trader employed by […]

SEC Awards $20 Million to Whistleblower

(HedgeCo.Net) The Securities and Exchange Commission has announced an award of $20 million to a whistleblower who provided new and critical information that led to the success of an enforcement action. In determining the appropriate award amount, the SEC considered […]

SEC Charges Unregistered Brokers That Facilitated More Than $1.2 Billion in Primarily Penny Stock Trades

(HedgeCo.Net) The Securities and Exchange Commission has charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities trading, primarily in penny stocks. The […]

Goldman Sachs Asset Management Charged for Failing to Follow its Policies and Procedures Involving ESG Investments

(HedgeCo.Net) The Securities and Exchange Commission has charged Goldman Sachs Asset Management, L.P. (GSAM) for policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance (ESG) investments. To settle the […]

SEC Obtains Final Judgments Against Two Family Office Executives Charged with Insider Trading

(HedgeCo.Net) The United States District Court for the Southern District of New York has entered a final consent judgment against Charles Rustin “Rusty” Holzer, a manager of a family office, whom the SEC previously charged with insider trading. On October […]

SEC Seeks to Stop the Registration of Misleading Crypto Asset Offerings

(HedgeCo.Net) The Securities and Exchange Commission has instituted administrative proceedings against American CryptoFed DAO LLC (American CryptoFed), a Wyoming-based organization, to determine whether a stop order should be issued to suspend the registration of the offer and sale of two […]

SEC Charges Unregistered Brokers that Facilitated more than $1.2 Billion in Stock Trades

(HedgeCo.Net) The Securities and Exchange Commission has charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities trading, primarily in penny stocks. The […]

SEC Charges Massachusetts Resident with Conducting $2 Million Fraudulent Investment Offering

(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Massachusetts resident Adrian J. Kawuba, alleging that he conducted a fraudulent offering of securities. The SEC has obtained emergency relief in court, including a temporary restraining order and asset freeze […]