Category Archives: HedgeCo News
Company to Pay Penalty for Stock Picking Game That Was An Unregistered Swap
(hedgeCo.Net) The Securities and Exchange Commission has announced that a New York-based company has agreed to pay a $50,000 penalty for illegally offering complex derivatives products to retail investors through mobile phone games that were described as “fantasy sports for […]
SEC: Investment Adviser Fraudulently Overbilled Clients, Stole Assets for Personal Expenses
(HedgeCo.Net) The Securities and Exchange Commission today charged a Los-Angeles based investment advisory firm and its owner with fraudulently overbilling clients and stealing assets from their trusts to pay such personal expenses as his home mortgage, overseas trips, and leases […]
Company Co-Founder Charged in Manipulation Scheme
HedgeCo.Net) — The Securities and Exchange Commission today charged the co-founder of a Minnesota-based energy company with manipulating its stock price and concealing his control of the company to attain lucrative financial payouts. The company’s other co-founder agreed to pay […]
Firm and Partner Charged With Issuing Fraudulent Audit Reports
(HedgeCO.Net) The Securities and Exchange Commission today announced that a New York-based audit firm and a senior partner agreed to settle charges that they issued fraudulent audit reports in connection with municipal bond offerings by the town of Ramapo, N.Y., […]
Should Public Pension Funds Reduce their Hedge Fund Allocations?
(HedgeCo.Net) CalPERS was the first high profile public pension to pull out of hedge funds, and was followed a year and a half later by one of the New York City retirement plans. Recently, the number of public pension funds […]
Company Co-Founder Charged in Manipulation Scheme Other Co-Founder Agrees to $8 Million Settlement of Separate Charges
(HedgeCo.Net) The Securities and Exchange Commission today charged the co-founder of a Minnesota-based energy company with manipulating its stock price and concealing his control of the company to attain lucrative financial payouts. The company’s other co-founder agreed to pay nearly […]
Embraer Paying $205 Million to Settle FCPA Charges
(HedgeCo.Net) The Securities and Exchange Commission today announced a global settlement along with the U.S. Department of Justice and Brazilian authorities that requires aircraft manufacturer Embraer S.A. to pay more than $205 million to resolve alleged violations of the Foreign […]
Investment Adviser Allegedly Overbilled Clients, Stole Assets for Personal Expenses
(HedgeCo.Net) The Securities and Exchange Commission today charged a Los-Angeles based investment advisory firm and its owner with fraudulently overbilling clients and stealing assets from their trusts to pay such personal expenses as his home mortgage, overseas trips, and leases […]
SEC Adopts Final Rules to Facilitate Intrastate and Regional Securities Offerings
(HedgeCo.Net) The Securities and Exchange Commission today adopted final rules that modernize how companies can raise money to fund their businesses through intrastate and small offerings while maintaining investor protections. “These final rules, while continuing to provide investor protections, update […]
Ernst & Young to Pay $11.8 Million for Audit Failures
(HedgeCo.Net) The Securities and Exchange Commission today announced that Ernst & Young LLP has agreed to pay more than $11.8 million to settle charges related to failed audits of an oil services company that used deceptive income tax accounting to […]
Embraer Paying $205 Million to Settle FCPA Charges
(HedgeCo.Net) The Securities and Exchange Commission today announced a global settlement along with the U.S. Department of Justice and Brazilian authorities that requires aircraft manufacturer Embraer S.A. to pay more than $205 million to resolve alleged violations of the Foreign […]
SEC Charges Board Member With Insider Trading During and After Board Meeting
(HedgeCo.NET) — The Securities and Exchange Commission today charged a Tennessee-based lawyer who served on the executive committee of the board of directors at Nashville-based Pinnacle Financial Partners with insider trading based on nonpublic information he learned about an impending […]