Category Archives: HedgeCo News
Top Hedge Fund Industry trends for 2019 – Agecroft Partners
(HedgeCo.Net) The hedge fund industry is dynamic, and participants are best served by anticipating, rather than reacting to, change. Informed by our contact with more than two thousand institutional investors and hundreds of hedge fund organizations, the following is Agecroft’s […]
SEC Charges Two Robo-Advisers With False Disclosures
(HedgeCo.Net) The Securities and Exchange Commission have instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising. The proceedings are the SEC’s first enforcement actions against robo-advisers, which provide automated, software-based portfolio management […]
SEC Files Subpoena Enforcement in Possible Market Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed a subpoena enforcement action against three penny-stock companies and their CEO – Cherubim Interests, Inc. (CHIT), PDX Partners, Inc. (PDXP), Victura Construction Group, Inc. (VICT), and Patrick Jevon Johnson – seeking an […]
SEC Settles Charges with Previously Barred N.Y. Adviser
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has agreed to resolve its claims against Walter F. Grenda, Jr., who was charged with violating a Commission order barring him from association with an investment adviser and with aiding […]
SEC Obtains Judgment Against Former CEO in Transition Management Fraud Case
(HedgeCo.Net) The Securities and Exchange Commission obtained a judgment against the former CEO of a brokerage consulting business who was charged by the SEC for his role in a multimillion dollar transition management fraud. The SEC previously charged a brokerage […]
SEC Charges Two Robo-Advisers With False Disclosures
(HedgeCo.Net) The Securities and Exchange Commission has instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising. The proceedings are the SEC’s first enforcement actions against robo-advisers, which provide automated, software-based portfolio management […]
JPMorgan to Pay More Than $135 Million for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission has announced that JPMorgan Chase Bank N.A. will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of […]
CFTC Orders Commodity Trading Firm and Principal to Pay a $315,000 Civil Monetary Penalty for “Cherry-Picking” Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Jonathan Hansen (Hansen) of Dana Point, California, and his Newport Beach, California, based company, Newport Private Capital LLC, (NPC), for engaging in a […]
Two Advisory Firms, CEO Charged With Mutual Fund Share Class Disclosure Violations
(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges against two New York-based investment advisers and the CEO of one of the advisers who selected mutual fund share classes inconsistent with their disclosures to clients. The firms and the […]
SEC Proposes Rule Changes for Fund of Funds Arrangements
(HedgeCo.Net) The Securities and Exchange Commission has voted to propose a new rule and related amendments designed to streamline and enhance the regulatory framework for fund of funds arrangements. Funds of funds are created when a mutual fund or other […]
SEC Charges 13 Brokers Who Sold $350 Million of Unregistered Securities to Retail Investors
(HedgeCo.Net) Charges have been filed against an additional 13 individuals and 10 companies for unlawfully selling securities of Woodbridge Group of Companies LLC to retail investors. Woodbridge collapsed into bankruptcy in December 2017 and the SEC previously charged the company, […]
SEC Adopts Final Rules for Disclosure of Hedging Policies
(HedgeCo.Net) The Securities and Exchange Commission has approved final rules to require companies to disclose in proxy or information statements for the election of directors any practices or policies regarding the ability of employees or directors to engage in certain […]