Category Archives: HedgeCo News
Mutual Fund Executives Charged with Misleading Investors in Funds that Suffered $1 Billion Loss
(HedgeCo.Net) The Securities and Exchange Commission has filed a civil action alleging that investment advisers LJM Funds Management Ltd. and LJM Partners Ltd. and their portfolio managers, Anthony Caine and Anish Parvataneni, fraudulently misled investors and the board of directors of a […]
SEC Charges Investment Entity and Principals with Securities Fraud and Registration Violations
(HedgeCo.Net) The Securities and Exchange Commission charged Colorado and Florida residents Randy R. King, Matthew B. King, and Andrea S. Trout and three entities they operated, The Legacy Group, Inc., Colorado Ventures I, LLC, and Radiant Holdings, LLC, with fraudulently […]
SEC Obtains Final Judgment Against Broker Charged with Defrauding Customers
(HedgeCo.Net) The U.S. District Court for the Southern District of New York entered a final consent judgment against a New York-based broker who was previously charged by the SEC with defrauding retail customers. On September 7, 2018, the SEC charged […]
SEC Charges Broker-Dealer with Order Execution Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged broker-dealer BTIG, LLC with repeatedly violating the order-marking and locate provisions of Regulation SHO, which regulates the short-selling of securities. According to the SEC’s complaint, from December 2016 through July 2017, BTIG […]
SEC Charges Additional Unregistered Broker Who Sold $10.8 Million in 1 Global Securities to Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against an additional individual in connection with its ongoing investigation related to 1 Global Capital, LLC, a South Florida merchant cash advance company. The SEC previously charged 1 Global, its owner, […]
S&P Dow Jones Indices Pays $9-Million to settle Charges for Failures Relating to Volatility-Related Index
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against S&P Dow Jones Indices LLC for failures relating to a previously undisclosed quality control feature of one of its volatility-related indices, which led S&P DJI to publish and disseminate […]
Fraudster Sentenced to More Than 13 Years in Parallel Criminal Case
(HedgeCo.Net) DaRayl D. Davis, charged by the SEC in December 2017 with raising millions of dollars from investors by selling them fictitious financial products, has been sentenced in a parallel criminal case to 160 months in prison and ordered to […]
Texas Investment Adviser and Three Individuals Charged with Defrauding Advisory Clients and Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged Katy, Texas-based investment adviser Knight Nguyen Investments and three individuals with scheming to invest funds from advisory clients and retail investors in at least five fraudulent securities offerings. The SEC alleges that […]
Florida Company and CEO Charged with Misappropriating Investor Money and Operating a Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Melbourne, Florida resident […]
SEC Awards $22 Million to Two Whistleblowers
(HedgeCo.Net) The Securities and Exchange Commission today announced awards totaling approximately $22 million to two whistleblowers whose information and assistance were of crucial importance to successful SEC enforcement actions brought against a financial services firm. The first whistleblower received an […]
Court Enters Judgments Against Promoters in Pump-And-Dump Scheme
(HedgeCo.Net) The U.S. District Court for the Central District of California has entered final judgments against the remaining three defendants in a 2019 SEC action charging them for their alleged roles in a pump-and-dump scheme in the stock of southern […]
SEC Charges Previously-Barred Broker with Defrauding Investors in a Pre-IPO Investment Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a previously barred securities broker with fraudulently raising funds from investors purportedly to purchase shares of prominent private companies prior to their initial public offerings (IPOs). The SEC also charged three individuals […]