Category Archives: HedgeCo News
U.S. Congressman and Others Charged With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission today announced the filing of insider trading charges against Congressman Christopher Collins, the U.S. Representative for New York’s 27th Congressional District, his son, Cameron Collins, and a third individual, Stephen Zarsky. In a parallel […]
Cloud Communications Company and Two Senior Executives Charged With Misleading Revenue Projections
(HedgeCo.Net) The Securities and Exchange Commission today charged a cloud communications company and two executives with providing misleading quarterly revenue estimates. The company and executives agreed to pay over $1.9 million in penalties to settle the SEC’s charges. According to […]
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 firms that use misleading information to primarily solicit non-U.S. investors, adding 16 soliciting entities, four impersonators of genuine firms, and nine bogus regulators. The […]
Final Judgment Issued Against Research Scientist Charged with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against the research scientist who, according to the SEC, searched the internet for tips on avoiding the SEC’s detection before placing one of his illegal trades and made approximately […]
SEC Charges Former Corporate Officer for Insider Trading
(HedgeCo.Net) A former Senior Vice President at Sequenom, Inc. (“Sequenom”) has agreed to settle charges that he engaged in insider trading after tipping his friend about Laboratory Corporation of America Holding’s (“LabCorp”) bid to acquire Sequenom in a July 2016 […]
Arizona Man Charged With Misappropriating Investor Funds
(HedgeCo.Net) The Securities and Exchange Commission has charged David A. Harbour of Scottsdale, Arizona with making misrepresentations to investors and misappropriating over $1.5 million in investor funds to finance his personal lifestyle and pay off his debts. According to the […]
Former Director Of Regulatory Affairs Pleads Guilty To Insider Trading
(HedgeCo.Net) A federal court in Boston, Massachusetts has entered final judgment against the former senior director of regulatory affairs for Puma Biotechnology, Inc., who was charged with insider trading ahead of two company announcements regarding cancer drug trials. The SEC […]
SEC Charges Recidivist in Stock Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Howard M. Appel with manipulating the stocks of three microcap companies while on supervised release following his criminal conviction for a prior securities fraud. According to the SEC’s complaint, Appel orchestrated multiple […]
SEC Charges Analyst for Aiding & Abetting New York Pension Fund Pay-To-Play Scheme
(HedgeCo.Net) The Securities & Exchange Commission today filed a civil injunctive action against John A. Paulsen, a former managing director and fixed income research analyst at a registered broker-dealer, for aiding and abetting a pay-to-play scheme involving the New York […]
SEC Detects Silicon Valley Executive’s Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has announced that a senior executive at a Silicon Valley fiber optics company has agreed to settle charges that he made nearly $200,000 in illicit profits by trading on inside information in advance of […]
Former Professional Trader Agrees to Settle with SEC in $1.1 Million Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a former professional trader with allegedly participating in a serial insider trading scheme with an investment banker and his father that generated $1.1 million in illicit profits. According to the SEC’s complaint, […]
Mizuho Securities Charged For Failure to Safeguard Customer Information
(HedgeCo.Net) The Securities and Exchange Commission has charged Mizuho Securities USA LLC for its failure to safeguard information pertaining to stock buybacks by its issuer customers. Mizuho failed to maintain and enforce policies and procedures aimed at preventing the misuse […]