Category Archives: HedgeCo News
SEC Charges Brokerage Firms and AML Officer With Anti-Money Laundering Violations
(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges against broker-dealers Chardan Capital Markets LLC and Industrial and Commercial Bank of China Financial Services LLC (ICBCFS) for failing to report suspicious sales of billions of penny stock shares. Broker-dealers […]
Charges Filed in Alleged $34-Million International Stock Manipulation Scheme
(HedgeCo.Net) Charges have been filed against four individuals for their roles in a fraudulent scheme that generated nearly $34 million from unlawful stock sales and caused significant harm to retail investors. According to the SEC’s complaint, the defendants manipulated the […]
How Social Media is changing the Hedge Fund Industry
(HedgeCo.Net) With more 15,000 competitors, the hedge fund industry is extremely competitive. Many institutional investors are contacted by thousands of managers a year, meeting with a few hundred, have follow up meetings with fifty, and ultimately allocating to two. In […]
Fraud Charges Filed Against Texas-Based Municipal Advisor, Owner for Lying to School District
(HedgeCo.Net) The Securities and Exchange Commission has charged a registered municipal advisor and its owner with defrauding a south Texas school district in connection with multiple municipal bond offerings. The SEC’s order instituting proceedings found that in connection with three […]
Hedge Fund Adviser Charged With Deceiving Investors by Inflating Fund Performance
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has charged New York-based investment adviser Premium Point Investments LP with inflating the value of private funds it advised by hundreds of millions of dollars. The SEC also charged Premium […]
Hedge Fund Firm Charged for Asset Mismarking and Insider Trading
(Hedgeco.Net)The Securities and Exchange Commission today announced the hedge fund advisory firm Visium Asset Management LP has agreed to settle charges related to asset mismarking and insider trading by its privately managed hedge funds and portfolio managers. Separately, the firm’s […]
Alleged $85 Million Ponzi Scheme Shut Down
(HedgeCo.Net) The Securities and Exchange Commission has announced the unsealing of fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme. The defendants agreed to permanent injunctions, an […]
New Investor Protection Search Tool is Launched
(HedgeCo.Net) The Securities and Exchange Commission has announced the launch of an additional online search feature that enables investors to research whether the person trying to sell them investments has a judgment or order entered against them in an enforcement […]
SEC Launches Additional Investor Protection Search Tool
(HedgeCo.Net) The Securities and Exchange Commission has announced the launch of an additional online search feature that enables investors to research whether the person trying to sell them investments has a judgment or order entered against them in an enforcement […]
SEC Shuts Down $85 Million Ponzi Scheme and Obtains Asset Freeze
(HedgeCo.Net) The Securities and Exchange Commission today announced the unsealing of fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme. The defendants agreed to permanent injunctions, an […]
Panasonic Charged With FCPA and Accounting Fraud Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced that Japan-based Panasonic Corp. will pay more than $143 million to resolve charges of Foreign Corrupt Practices Act (FCPA) and accounting fraud violations involving its global avionics business. According to the SEC’s […]
Altaba Charged With Failing to Disclose Massive Cybersecurity Breach; Agrees To Pay $35 Million
(HedgeCo.Net) The Securities and Exchange Commission has announced that the entity formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest […]