Category Archives: HedgeCo News
Three Individuals Charged with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged three individuals with insider trading in advance of an announcement by Long Blockchain Company (formerly known as Long Island Iced Tea Co.) that it was going to “pivot” from its existing beverage business […]
“TheBull” Charged with Selling “Insider Trading Tips” on the Dark Web
(HedgeCo.Net) The Securities and Exchange Commission charges Apostolos Trovias, a Greek national, with perpetrating a fraudulent scheme to sell what he called “insider trading tips” on the Dark Web. The Dark Web, which facilitates anonymity by obscuring users’ identities, allows […]
Court Enters Judgments Against Investment Adviser Firm and Owner for Undisclosed Compensation Practices
(HedgeCo.Net) A federal district court in Connecticut has entered final judgments against investment adviser Westport Capital Markets, LLC and its sole owner, Christopher E. McClure. The judgments order that Westport Capital and McClure are jointly and severally liable for disgorgement […]
SEC Obtains Final Judgment Against Financial Advisor Who Misappropriated Over $6 Million from Elderly Investors
(HedgeCo.Net) The U.S. District Court for the District of Maryland has entered a final consent judgment against Michael B. Carter, whom the SEC previously charged with securities fraud and investment adviser fraud for having misappropriated customer and client funds. According […]
Hedge Fund Trader Charged in Alleged Lucrative Front-Running Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed fraud charges against Sean Wygovsky, a trader at a major Canada-based asset management firm, in connection with a long-running and lucrative front-running scheme that Wygovsky perpetrated in the accounts of his close […]
CFTC Orders Three Credit Suisse Entities to Pay $1.5 Million for Swap Data Reporting Failure
(HedgeCo.Net) The Commodity Futures Trading Commission has filed and settled charges against Credit Suisse International, Credit Suisse Securities Europe Limited, and Credit Suisse Capital LLC (Credit Suisse entities or respondents), provisionally registered swap dealers, for failing to comply with swap […]
Self-Proclaimed “Dealmaker” Charged With Multiple Frauds and Misappropriation of Investor Funds
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Matthew J. Skinner of Santa Clarita, California, and five entities he owns and controls – Empire West Equity Inc., Bayside Equity LP, Longacre Estates LP, Freedom Equity Fund LLC, and […]
Electronic Trading Platform Charged for Operating As An Unregistered Broker-Dealer
(HedgeCo.Net) The Securities and Exchange Commission today announced that Neovest Inc., a provider of an order and execution management system (OEMS) that facilitates electronic trading, has agreed to pay a $2.75 million penalty for its failure to register as a […]
Six Charged in Silicon Valley Insider Trading Ring
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against a Silicon Valley trading ring, whose members generated nearly $1.7 million in profits and losses avoided by trading on the confidential earnings information of two local technology companies. […]
Fund Manager, Consumer Credit Company, and Three Individuals Charged with Fraudulently Raising Over $73 Million
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Princeton Alternative Funding LLC (PAF), Microbilt Corporation, Philip N. Burgess, Jr., Microbilt CEO Walter Wojciechowski, and PAF CEO John Cook, Jr. for fraudulently raising over $73 million from investors through […]
SEC Charges Investment Advisers with Cherry Picking, Obtains Asset Freeze
(HedgeCo.Net) The Securities and Exchange Commission has obtained an asset freeze and other emergency relief, and filed fraud charges, against a Miami, Florida investment professional and two investment firms for engaging in an alleged “cherry picking” scheme in which they […]
SEC Charges ICO Issuer and CEO With Fraud and Unregistered Securities Offering
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against Loci Inc. and its CEO John Wise for making materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities. According to the SEC’s […]