Category Archives: HedgeCo News
Lawyers Charged With Assisting a Microcap Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged two lawyers it alleges helped facilitate a microcap fraud scheme involving undisclosed “blank check” companies secretly bound for reverse mergers. In complaints filed in the U.S. District Court for the Southern District […]
Investment Adviser Charged in Multi-Million Dollar Options Trading Scheme
(HedgeCo.Net)The Securities and Exchange Commission has charged a Westchester, New York-based investment adviser with fraud stemming from lies to retail investors about the value of their investments in a Ponzi-like scheme. The SEC alleges that, starting in approximately 2010, Michael […]
Former Top Executives Charged With Fraud
(HedgeCo.Net) The Securities and Exchange Commission today charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million. The […]
SEC Files Charges in Snack Company Investment Scam
(HedgeCo.Net) The Securities and Exchange Commission has charged three individuals who defrauded investors in a company that falsely claimed to be developing a caffeinated chocolate snack and nearing an acquisition by Monster Energy or Coca-Cola Co. The SEC’s complaint alleges […]
SEC Announces Whistleblower Award of More Than a Million Dollars
(HedgeCo.Net) The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity […]
Feds Charge Former VP at Life Time Fitness and Six Traders With Insider Trading
(HedgeCo.Net) In a complaint filed in U.S. District Court in the Northern District of Illinois, the SEC alleges that Shane P. Fleming, a former vice president of sales at Life Time Fitness, learned of the merger discussions on or before […]
Three New York Brokers Charged For Making Unsuitable Recommendations Generating Large Client Losses
(HedgeCo.Net) Brokers must make recommendations that are compatible with their customers’ financial needs, investment objectives, and risk tolerances. An SEC examination of the firm Alexander Capital L.P. detected potential misconduct among certain brokers, and the ensuing investigation has led to […]
SEC Exposes Two Initial Coin Offerings Purportedly Backed by Real Estate and Diamonds
(HedgeCo.Net) The Securities and Exchange Commission has charged a businessman and two companies with defrauding investors in a pair of so-called initial coin offerings (ICOs) purportedly backed by investments in real estate and diamonds. The SEC alleges that Maksim Zaslavskiy […]
Barred Broker Charged in Real Estate Investment Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a former broker, his company, and his business partner in an alleged real estate investment scheme utilizing high-pressure sales tactics to pilfer $6 million from retirees and other investors while using the […]
SEC Charges Penny-Stock Operators in Push to Crack Down on Repeat Offenders
(HedgeCo.Net) The Securities and Exchange Commission today charged two individuals with defrauding investors in penny stock companies that claimed to have valuable patents. One of those charged had been barred from the penny stock business based on his role in […]
Is This the Time to Consider Reinsurance for a Diversified Hedge Fund Portfolio?
(HedgeCo.Net) Most institutional investors understand the uncorrelated, diversification benefits of property catastrophe reinsurance. Many have been waiting on the sidelines for a large event to happen that would drive up pricing before allocating to the strategy. The two big questions […]
Former Corporate Insider and Six Traders Charged With Insider Trading
(HedgeCo.Net) In a complaint filed in U.S. District Court in the Northern District of Illinois, the SEC alleges that Shane P. Fleming, a former vice president of sales at Life Time Fitness, learned of the merger discussions on or before […]