Category Archives: HedgeCo News
“Investing in a New Age”
(HedgeCo.Net) The 6th Global Family Office Investment Summit hosted by the 600-year-old Ritossa Family Office and themed “Investing in a New Age” made headlines around the world June 27-29 as the “Davos of Family Offices” and most important family office […]
Former CEO and CFO of ITT Barred and Ordered to Pay Penalties
(HedgeCo.Net) The Securities and Exchange Commission today announced settlements with two former senior executives of ITT Educational Services Inc., which the SEC charged hid its true financial condition from investors. This resolution successfully concludes the SEC’s case, which was scheduled […]
SEC Charges Owings Group, a Convicted Felon and Others in $5 Million Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Maryland-based Owings Group, LLC, three of its related companies and four individuals in an offering fraud that raised over $5 million from approximately 50 investors. The SEC’s complaint alleges that from 2013 […]
Credit Suisse Group will pay $30 million to resolve FCPA Violations
(HedgeCo.Net) The Securities and Exchange Commission today announced that Credit Suisse Group AG will pay approximately $30 million to resolve SEC charges that it obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of […]
Former Vice President at ClubCorp Holdings, charged with insider trading.
(HedgeCo.Net) The SEC’s complaint alleges that Nelson “Frank” Molina, the former Vice President of Investor Relations and Treasury at ClubCorp, discovered that ClubCorp was exploring significant transactions involving the company. According to the complaint, despite having signed ClubCorp’s securities trading […]
Attorney and Law Firm Business Manager Charged With Illegal Sales of UBI Blockchain Internet Stock
(HedgeCo.Net) The Securities and Exchange Commission has charged two men alleged to have profited from illegal sales of stock of a company claiming to have a blockchain-related business. According to the SEC’s complaint, attorney T.J. Jesky and his law firm’s […]
SEC Charges KBR for Inflating Key Performance Metric and Accounting Controls Deficiencies
(HedgeCo.Net) The Securities and Exchange Commission today charged global engineering and construction company KBR Inc. with inflating a key, non-financial statement performance metric known as work in backlog. KBR agreed to pay a $2.5 million penalty to settle the SEC’s […]
SEC Proposes Whistleblower Rule Amendments
(HedgeCo.Net) The Securities and Exchange Commission today voted to propose amendments to the rules governing its whistleblower program. The whistleblower program was established in 2010 to incentivize individuals to report high-quality tips to the Commission and help the agency detect […]
Former Equifax Manager Charged With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission today charged a former Equifax manager with insider trading in advance of the company’s September 2017 announcement of a massive data breach that exposed Social Security numbers and other personal information of approximately 148 […]
Credit Ratings Analyst and Two Friends Charged with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged a credit ratings agency employee with tipping two friends about The Sherwin-Williams Co.’s confidential plans to acquire The Valspar Corp., which he learned of through his work. The SEC also charged the […]
JPMorgan Chase Bank, To Pay $65 Million Penalty
(HedgeCo.Net) The Commodity Futures Trading Commission (CFTC or Commission) has issued an Order filing and settling charges against JPMorgan Chase Bank, N.A. (JPMC) for attempted manipulation of the ISDAFIX benchmark and requiring JPMC to pay a $65 million civil monetary […]
Texas Businessman Charged in Multi-Million Dollar Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission today filed charges against Texas resident James VanBlaricum and six others for running an oil and gas Ponzi scheme. The SEC’s complaint alleges that VanBlaricum was the driving force behind a company called Texas […]