Category Archives: HedgeCo News
Investment Adviser Charged Stealing From Friends, Community Members
(HedgeCo.Net) The Securities and Exchange Commission has charged an investment adviser with a history of violating the securities laws for defrauding his close friends and community members. According to the SEC’s complaint filed Tuesday, from at least 2014 through at […]
Florida Attorney & Businessman Barred from Penny Stock Offerings for Engaging in a Microcap Pump-And-Dump Scheme
(HedgeCo.Net) Two South Florida men have agreed to lifetime bars from participating in penny stock offerings to settle charges brought by the Securities and Exchange Commission alleging that they facilitated a pump-and-dump scheme involving shares of a Sunrise, Florida company […]
Orchestrator of Microcap Fraud Scheme Barred from Penny Stock Offerings and Ordered to Pay $80,000 Penalty
(HedgeCo.Net) The orchestrator of a microcap fraud scheme who defrauded investors by directing the issuance of false press releases about the microcap company’s prospects and hiding his secret control of the company has been barred by a federal court from […]
SEC Announces $23.8 Million Settlement with the Self-Proclaimed “Frack Master”
(HedgeCo.Net) The Securities and Exchange Commission today announced it has agreed to a settlement with Christopher A. Faulkner—the self-proclaimed “Frack Master”—in connection with his wide-ranging securities-fraud scheme that raised over $80 million from hundreds of investors nationwide. Faulkner has simultaneously […]
Co-Owner of Defunct New York-Based Private Equity Firm Consents to Judgment for Defrauding Advisory Clients
(HedgeCo.Net) The Securities and Exchange Commission has charged the two co-owners of a now-defunct New York-based private equity firm with defrauding the firm’s advisory clients and pocketing millions in fees. One of the co-owners consented to a judgment, which was […]
SEC Suspends Trading in Company for Making False Cryptocurrency-Related Claims about SEC Regulation and Registration
(HedgeCo.Net) The Securities and Exchange Commission has suspended trading in the securities of a company amid questions surrounding its statements about partnering with a claimed SEC-qualified custodian for use with cryptocurrency transactions and a purportedly registered public offering of preferred […]
Former State Street Corp. Executive Sentenced to Prison for Defrauding Customers
(HedgeCo.Net) a Federal Court Judge in Boston, Massachusetts, has sentenced Ross McLellan, a former State Street Corp. executive, to 18 months in prison for his role in a scheme to defraud customers of State Street’s Transition Management line of business. […]
SEC Charges Lawyer and Her Husband in EB-5 Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged a California-based immigration attorney and her husband in a fraudulent scheme that generated millions of dollars of undisclosed compensation from foreign investors seeking permanent U.S. residency through the EB-5 Immigrant Investor Program. […]
SEC Charges Ebay’s Former Director of SEC Reporting with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged eBay Inc.’s former Director of SEC Reporting with insider trading ahead of Xoom Corporation’s acquisition by PayPal Holdings, which at the time was owned by eBay. The SEC’s complaint alleges that Bryan […]
SEC Charges Investment Adviser With Stealing From Friends, Community Members
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against an investment adviser with a history of violating the securities laws for defrauding his close friends and community members. According to the SEC’s complaint, from at least 2014 through at […]
Boston-Area Defendant in SEC Insider Trading Case Convicted in Criminal Case
(HedgeCo.Net) The Securities and Exchange Commission has announced that Harold L. Altvater was convicted on three counts of securities fraud. The Commission previously charged Altvater and two other individuals with insider trading in civil actions filed on June 27, 2017. […]
Three Former BDO accountants Suspended For Alleged Improper Professional Conduct.
(HedgeCo.Net) The Securities and Exchange Commission has suspended three former BDO USA LLP accountants for their improper professional conduct during an audit of an exchange-listed insurance company. According to the SEC’s order, BDO fell behind schedule while conducting its 2013 […]