Category Archives: HedgeCo News
Two Brokers Charged With Defrauding Customers
(HedgeCo.Net) The Securities and Exchange Commission charged two brokers for recommending excessive levels of trading that were costly for retail customers but lucrative for the brokers. In separate complaints filed in federal court in Manhattan on Friday, the SEC alleges […]
SEC Awards More Than $54 Million to Two Whistleblowers
(HedgeCo.Net) The Securities and Exchange Commission is awarding $39 million to one whistleblower and $15 million to another whose critical information and continued assistance helped the agency bring an important enforcement action. The $39 million award is the second-largest award […]
SEC Charges Two Men With Fraud in Fake Trading Accounts Scheme
(HedgeCo.Net) The Securities and Exchange Commission today charged two Michigan men with fraud for their roles in a fake accounts scheme perpetrated by a phony day-trading firm, Nonko Trading. The SEC alleges that Jeffrey Goldman of West Bloomfield, Michigan, and […]
N.Y. Advisory Firm and Principal Charged with Fraud Relating to Association with Barred Adviser
(HedgeCo.Net) The Securities and Exchange Commission has charged a Buffalo, N.Y., investment advisory firm and its owner for misleading firm clients about its association with a barred investment adviser, who is also being charged for violating the bar. The SEC’s […]
Sanofi Charged With FCPA Violations
(HedgeCo.Net) Paris-based pharmaceutical company Sanofi has agreed to pay more than $25 million to resolve charges that its Kazakhstan and the Middle East subsidiaries made corrupt payments to win business. According to the SEC’s order, the schemes spanned multiple countries […]
SEC Charges Cannabis Investment Fund and Founder in Fraudulent Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a Texas-based investment fund and its founder with defrauding investors with false promises of massive returns in cannabis-related businesses. The SEC also issued an alert to warn retail investors about marijuana-related securities […]
Legg Mason Charged With Violating the FCPA
(HedgeCo.Net) The Securities and Exchange Commission has announced that Legg Mason Inc. will pay over $34 million to resolve an SEC charge that the company violated the Foreign Corrupt Practices Act (FCPA) in a scheme to bribe Libyan government officials. […]
Former Senior Executive At Silicon Valley Company Charged with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged the former Chief Commercial Officer of Redwood City, Calif.-based Qualys, Inc., a cloud security and services company, with insider trading by tipping his brothers in advance of the company’s announcement of poor […]
Buffalo Advisory Firm and Principal Charged With Fraud Relating to Association With Barred Adviser
(HedgeCo.Net) The Securities and Exchange Commission today filed charges against a Buffalo, New York, investment advisory firm and its owner for misleading firm clients about its association with a barred investment adviser, who is also being charged for violating the […]
SEC Charges Moody’s With Internal Controls Failures and Ratings Symbols Deficiencies
(HedgeCo.Net) The Securities and Exchange Commission has announced that Moody’s Investors Service Inc., one of the nation’s largest credit ratings agencies, has agreed to pay a total of $16.25 million in penalties to settle charges involving internal control failures and […]
NFL Player and Former Investment Banker Charged With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission today charged a professional football player and a former investment banker with insider trading in advance of corporate acquisitions facilitated through coded text messages and FaceTime conversations. The SEC alleges that after meeting at […]
Former Pharma Executive and Others Charged with Insider Trading
(HedgeCo.Net) A former Sangamo BioSciences Inc. executive and others have been charged with participating in a scheme that generated $1.5 million of illegal profits on insider trading ahead of the announcement of a licensing agreement between Sangamo and Biogen Idec […]