Category Archives: HedgeCo News
Floyd Mayweather Jr. and music producer Khaled Khaled Charged with Unlawfully Touting Coin Offerings
HedgeCo.Net)The Securities and Exchange Commission today announced settled charges against professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). These […]
Additional Charges in New York Boiler Room Scheme Targeting Seniors
(HedgeCo.Net) The latest charges allege that First Choice Healthcare Solutions Inc. CEO Christian Romandetti, the boiler room, and four others, manipulated the company’s shares generating more than $3.3 million of illegal profits and more than $560,000 in kickbacks for Romandetti. […]
Self-Described Penny Stock Promoter Charged With Microcap Market Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission today charged a self-described penny stock promoter and an entity he controlled with orchestrating a scheme to manipulate trading in at least 97 microcap stocks. According to the SEC’s complaint, Eric Landis of Charlottesville, […]
SEC Obtains Final Judgement Against Steven A. Newman
(HedgeCo.Net) the Honorable Nicholas G. Garaufis of the United States District Court for the Eastern District of New York has entered a final judgment against defendant Steven A. Newman. The final judgment imposes on Newman a permanent injunction against future […]
Lawyer Is Barred from Appearing and Practicing Before SEC as an Attorney
(HedgeCo.Net) A U.S. District Court for the Central District of California has entered a final judgment on consent against immigration attorney, Steve Qi, and his law firm, Law Offices of Steve Qi & Associates, who were charged with violations in […]
SEC Cracks Alleged Investment Scheme That has Defrauded Hundreds of Investors in Several States.
(HedgeCo.Net) The SEC alleges that Gaylen D. Rust and his company Rust Rare Coin, Inc. (RRC) are engaged in an ongoing investment scheme involving a purported silver trading program. Through this scheme, Rust and RRC have allegedly raised over $85 […]
Investment Adviser, Pleads Guilty To Criminal Fraud Charges
(HedgeCo.Net) Kimberly Kitts, a Cape Cod-area investment adviser, pleaded guilty to criminal charges filed by the U.S. Attorney for the District of Massachusetts. Kitts admitted to investment adviser fraud, wire fraud and aggravated identity theft in connection with stealing over […]
Final Judgment Against Former Investment Adviser Charged With Misappropriating Client Funds.
The Securities and Exchange Commission has announced a final judgment against Cornelius Peterson, a former investment adviser at a large financial institution who was charged with misappropriating client funds. On January 31, 2018, the Commission filed a complaint in the […]
SEC Charges Giga Entertainment Media, Former Officers and Directors With Fraud in Pay-For-Download Campaign
(HedgeCo.Net) The Securities and Exchange Commission today charged Giga Entertainment Media Inc. and five of its former officers and directors—Gary Nerlinger, Jarret Streiner, Lawrence Silver, Alfred Colucci, and Charles Noska—with fraud in connection with a scheme to mislead investors. According […]
SEC Brings Additional Charges in New York Boiler Room Scheme Targeting Seniors
(HedgeCo.Net) The Securities and Exchange Commission today brought additional charges against a Long Island, New York-based boiler room previously sued for defrauding elderly and unsophisticated investors. The latest charges allege that First Choice Healthcare Solutions Inc. CEO Christian Romandetti, the […]
SEC Settles Insider Trading Claims Against Former Chairman and CEO of Advanced Medical Optics
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has agreed to resolve its insider trading claims against James V. Mazzo, the former Chairman and Chief Executive Officer of Advanced Medical Optics, Inc. (AMO) for allegedly tipping information about […]
Former Investment Adviser Pleads Guilty to Fraud and Lying to the SEC
(HedgeCo.Net) Richard G. Cody, a former investment adviser and broker representative whom the Securities and Exchange Commission charged with defrauding Massachusetts retirees, has pled guilty to criminal charges filed by the U.S. Attorney for the District of Massachusetts. According to […]