Category Archives: HedgeCo News
Study Reveals Professional Investor Behavior When Winning Vs. Losing
(HedgeCo.Net) Essentia Analytics (Essentia), a leading provider of behavioral data analytics and consulting for professional investors, today made available in-depth analysis of how active equity portfolio managers (PMs) behave when experiencing a Winning or Losing Streak and the impact any […]
Court Orders Wife of Accused Ponzi Schemer to Pay Millions of Dollars
(HedgeCo.Net) The Securities and Exchange Commission charged Joseph Meli in January 2017 with fraud for running a Ponzi scheme. The SEC alleged that Joseph Meli raised money from investors to fund businesses purportedly created to purchase and resell tickets to […]
Stock Research Firm and Co-Founders Charged With Deceiving Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged a stock research firm and its co-founders with defrauding investors by issuing reports purportedly based on “unbiased” and “not paid for” research when in reality they received thousands of dollars from issuers […]
Network Marketer Charged with Masterminding a Multimillion Dollar Ponzi and Pyramid Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged an individual and seven corporate entities that he controlled with defrauding investors through the promotion and operation of a multimillion dollar Ponzi and pyramid scheme. The SEC alleges that Eric J. “EJ” […]
ITG Charged With Misleading Dark Pool Subscribers
(HedgeCo.Net) The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities Inc. have agreed to pay $12 million to settle charges arising from ITG’s misstatements and omissions about the operation of the firm’s dark pool, […]
Citibank to Pay More Than $38 Million for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission today announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign […]
SEC Charges Businessman and Lawyer in Fraudulent Eb-5 Scheme
(HedgeCo.Net) The Securities and Exchange Commission charged a businessman and a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their money to fund personal expenses. The SEC’s complaint alleges that Robert A. Ferrante […]
Online Marketers Charged with Conning Main Street Investors Through Rags-To-Riches Infomercials
(HedgeCo.Net) The Securities and Exchange Commission has charged a group of internet marketers who allegedly created and disseminated elaborate rags-to-riches videos to trick retirees and other retail investors into opening brokerage accounts and trading high-risk securities known as binary options. […]
Investment Adviser Charged With Running $3.9 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged a former registered representative and investment adviser in Altoona, Pennsylvania, with operating a long-running offering fraud. The SEC’s complaint alleges that Douglas P. Simanski raised over $3.9 million from approximately 27 of […]
SEC Charges Bitcoin-Funded Securities Dealer and CEO
(HedgeCo.Net) The Securities and Exchange Commission filed charges against an international securities dealer and its Austria-based CEO for allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins. According to the SEC’s complaint, 1pool Ltd. a/k/a […]
SEC Stops Broker’s Ongoing Theft of Retirees’ Investment Funds and Obtains Asset Freeze
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has obtained a court order halting an ongoing fraud perpetrated by a registered stock broker and several companies he controlled. The SEC’s complaint alleges that Sean Kelly used his companies, […]
SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 16 soliciting entities, four impersonators of genuine firms, and eight bogus regulators. The […]