Category Archives: HedgeCo News
Are There Still Opportunities in Structured Credit Hedge Fund Strategies
(HedgeCo.Net) Hedge fund managers focused on structured credit strategies can be simplistically divided into two categories: beta managers or alpha generators. Many investors believe the beta opportunity born out of the financial crisis has substantially run its course. As such, […]
KPMG Pays $6.2 Million to Settle Charges Centered Around Audit Failures
(HedgeCo.Net) The Securities and Exchange Commission has announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being […]
Former Pharma Company Accountant, Three Others Charged With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission today charged an accountant and three others with insider trading on market-moving news about the New Jersey-based pharmaceutical company where the accountant formerly worked. The SEC’s complaint, filed in federal court in New Jersey, […]
SEC Charges Investment Adviser With Defrauding Professional Athlete and His Wife
(HedgeCo.Net) The Securities and Exchange Commission today charged investment adviser Jeremy Drake with defrauding two clients, a high profile professional athlete and the athlete’s wife, by deceiving them about the investment advisory fees they were paying. The SEC alleges that […]
SEC Uncovers Wide-Reaching Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions. Data analysis allowed the SEC’s enforcement staff to uncover […]
Muni Bond Issuer and Underwriter Charged With Disclosure Failures
(HedgeCo.Net) The Securities and Exchange Commission today announced that a municipal financing authority in Beaumont, California, and its then-executive director have agreed to settle charges that they made false statements about prior compliance with continuing disclosure obligations in five bond […]
Hedge Fund Adviser Charged for Inadequate Controls to Prevent Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission today announced that hedge fund advisory firm Deerfield Management Company L.P. has agreed to pay more than $4.6 million to settle charges that it failed to establish, maintain, and enforce policies and procedures reasonably […]
Banca IMI Securities to Pay $35 Million for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission today announced that broker Banca IMI Securities Corp. (BISC), an indirect, wholly-owned U.S. subsidiary of Italian bank Intesa Sanpaolo SpA, has agreed to pay more than $35 million to settle charges that it violated […]
SEC Uncovers Wide-Reaching Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions. Data analysis allowed the SEC’s enforcement staff to uncover […]
SEC Charges KPMG with Audit Failures
(HedgeCo.Net) The Securities and Exchange Commission today announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being […]
SEC Announces Whistleblower Award of More Than $1.7 Million
(HedgeCo.Net) The Securities and Exchange Commission has announced a whistleblower award of more than $1.7 million to a company insider who provided the agency with critical information to help stop a fraud that would have otherwise been difficult to detect. […]
Fed’s Allegedly Crack $15 Million Scheme To Defraud Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged two Tennessee men and an accomplice in Fort Lauderdale with allegedly defrauding investors they lured by false promises of high returns from an oil drilling investment opportunity. According to the SEC’s complaint […]