Category Archives: HedgeCo News
SEC Charges CEO for acting as an Unregistered Broker
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Glen A. Stewart, CEO of Colorado-based Wiser Investments, Inc., for acting as an unregistered broker and illegally selling Wiser securities in unregistered transactions to retail investors. According to the SEC’s […]
Two Former KPMG Auditors Charged for Improper Professional Conduct During Audit of Not-for-Profit College
(HedgeCo.Net) The Securities and Exchange Commission has suspended two former KPMG auditors from practicing before the SEC in connection with settled charges against the two for improper professional conduct during an audit of the now defunct, not-for-profit College of New […]
Final Judgment Handed Down Against Connecticut Investment Adviser Who Misappropriated Funds from Clients
(HedgeCo.Net) The Securities and Exchange Commission has announced the entry of a final judgment against former Connecticut investment adviser James T. Booth. The SEC complaint, filed on September 30, 2019, alleges that Booth operated a multi-million dollar Ponzi scheme that bilked […]
SEC Charges Digital Asset Trading Platform and Its CEO with Registration Violations
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Coinseed, a company that purported to offer a mobile investment application that enabled users to invest in digital assets, and its co-founder and Chief Executive Officer, Delgerdalai Davaasambuu, in connection […]
SEC Charges Digital Asset Trading Platform and Its CEO with Registration Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Coinseed, a company that purported to offer a mobile investment application that enabled users to invest in digital assets, and its co-founder and Chief Executive Officer, Delgerdalai Davaasambuu, in connection […]
SEC Charges Morningstar Credit Ratings With Disclosure And Internal Controls Failures
(HedgeCo.Net) The Securities and Exchange Commission has filed a civil action alleging that former credit ratings agency Morningstar Credit Ratings LLC violated disclosure and internal controls provisions of the federal securities laws in rating commercial mortgage-backed securities (CMBS). Credit ratings […]
SEC Files Fraud and Other Charges in Connection with a Fraudulent Investment Adviser and Private Fund Enterprise
(HedgeCo.Net) The Securities and Exchange Commission charged Stephen Scott Moleski (a/k/a Steve Scott) and David Michael with fraud in connection with an investment adviser and private fund enterprise they operated. The SEC also charged Moleski, Michael, and their agent, Erik […]
SEC Charges California Company and Its CEO with Misleading Investors About Covid-19 Blood Test and Financial Reports
(HedgeCo.Net) The Securities and Exchange Commission has charged Arrayit Corporation, a Sunnyvale, California company, with making false and misleading statements about the development of a COVID-19 test, and with failing to file required financial reports. The SEC also charged Arrayit’s […]
SEC Suspends Trading in Inactive Issuer Touted on Social Media
(HedgeCo.Net) The Securities and Exchange Commission has suspended trading in an inactive company amid questions surrounding online promotion of the company’s securities and recent trading activity. The SEC’s trading suspension order states that since late January 2021, certain social media […]
SEC Granted Injunction Against IIG Co-Founder
(HedgeCo.Net) Judge Denise L. Cote of the U.S. District Court for the Southern District of New York has entered a partial judgment against David Hu, the co-founder and chief investment officer of International Investment Group (IIG), a formerly registered investment […]
SEC Charges Former Minneapolis-Area Investment Adviser with Fraud for Misappropriating Client Funds
(HedgeCo.Net) The Securities and Exchange Commission charged former Minneapolis-area investment adviser Isaiah L. Goodman for allegedly defrauding his advisory clients out of approximately $2.25 million. According to the SEC’s complaint, from at least September 2018 to November 2020, Goodman, doing […]
Premier Holding Corp. and Its CEO Ordered to Pay More Than $10 Million for Securities Fraud
(HedgeCo.Net ) United States District Judge Cormac J. Carney of the Central District of California has entered final judgments against microcap issuer Premier Holding Corp. and its CEO, Randall Letcavage, in connection with a fraudulent scheme to mislead Premier’s investors […]