Category Archives: HedgeCo News
SEC Charges Additional Defendant in Fraudulent ICO Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced additional fraud charges stemming from an investigation of Centra Tech Inc.’s $32 million initial coin offering. In an amended complaint filed today, the SEC charged one of Centra’s co-founders, Raymond Trapani, in […]
Altaba, Formerly Known as Yahoo!, Charged With Failing to Disclose Massive Cybersecurity Breach; Agrees To Pay $35 Million
(HedgeCo.Net) The Securities and Exchange Commission today 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 […]
SEC Proposes to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships With Investment Professionals
(HedgeCo.Net) The Securities and Exchange Commission has voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment advisers and broker-dealers while preserving access to a variety of types of […]
SEC Charges Additional Defendant in Fraudulent ICO Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced additional fraud charges stemming from an investigation of Centra Tech Inc.’s $32 million initial coin offering. In an amended complaint filed today, the SEC charged one of Centra’s co-founders, Raymond Trapani, in […]
SEC Proposes to Enhance Protections and Preserve Choice for Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission has voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment advisers and broker-dealers while preserving access to a variety of types of […]
SEC Orders Three Investment Advisers to Pay $12 Million to Harmed Clients
(hedgeCo.Net) The Securities and Exchange Commission has announced that three investment advisers have settled charges for breaching fiduciary duties to clients and generating millions of dollars of improper fees in the process. According to the SEC’s orders, PNC Investments LLC, […]
SEC Charges Medical Device Company and Founder With Fraud
(Hedgeco.Net) The Securities and Exchange Commission has charged convicted felon and former NHL team owner Peter H. Pocklington, his medical device company, and others with defrauding investors by hiding Pocklington’s recidivist history and by misappropriating investor funds. The SEC alleges […]
SEC Awards Whistleblower More Than $2.1 Million
(Hedgeco.Net) The Securities and Exchange Commission have issued a announced a whistleblower award of more than $2.1 million to a former company insider whose information led to multiple successful enforcement actions. The whistleblower’s information strongly supported the findings in the […]
SEC Orders Three Investment Advisers to Pay $12 Million to Harmed Clients
(HedgeCo.Net) The Securities and Exchange Commission has announced that three investment advisers have settled charges for breaching fiduciary duties to clients and generating millions of dollars of improper fees in the process. According to the SEC’s orders, PNC Investments LLC, […]
SEC Charges Texas Company, Principals in Multimillion Dollar Ponzi Scheme Targeting Seniors
(HedgeCo.Net) The Securities and Exchange Commission has charged two Texas companies and their principals in a $2.4 million Ponzi scheme and in a related, $1.4 million offering fraud targeting retirees. The SEC’s complaint alleges that, from 2010 to 2017, Clifton […]
SEC Obtains Emergency Freeze of $27 Million in Stock Sales of Purported Cryptocurrency Company Longfin
(HedgeCo.Net) The Securities and Exchange Commission has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its CEO, and three other […]
SEC Orders Three Investment Advisers to Pay $12 Million to Harmed Clients
(HedgeCo.Net) The Securities and Exchange Commission has announced that three investment advisers have settled charges for breaching fiduciary duties to clients and generating millions of dollars of improper fees in the process. According to the SEC’s orders, PNC Investments LLC, […]