Category Archives: HedgeCo News
Boiler Rooms Operator Charged with Defrauding Retail Investors
(HedgeCo.Net) The SEC today charged New York resident Mark Alan Lisser with fraud for operating at least two boiler rooms, on Long Island, New York and in Boca Raton, Florida, through which he raised approximately $2.1 million from at least […]
Florida Firm and Executive Charged with Operating an Affinity Fraud Targeting the Haitian-American Community
(HedgeCo.Net) The Securities and Exchange Commission charged Brothers Investment Group International, Inc. and its chief executive officer and president, Anson Jean-Pierre, for defrauding investors through an offering of securities targeting Haitian-American investors in the Miami, Florida area. The SEC’s complaint, […]
E-Commerce Startup and CEO Charged With Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged a San Francisco-based e-commerce startup and its chief executive officer with misleading investors about purported contracts with well-known consumer brands. According to the SEC’s complaint, from 2018 to 2020, Andrew J. Chapin, […]
SEC Settles with Investment Adviser Who Failed to Disclose Conflicts of Interest and Misled Advisory Clients
(HedgeCo.Net) The U.S. District Court for the Central District of California entered final judgments by consent against Craig Rumbaugh and two companies he owns and controls, Rumbaugh Financial, Inc. (RFI), a California-registered investment adviser, and Desert Strategic Equity, LLC (DSE). […]
SEC Charges E-Commerce Startup and CEO With Defrauding Investors
(Hedgeco.Net) The Securities and Exchange Commission has charged a San Francisco-based e-commerce startup and its chief executive officer with misleading investors about purported contracts with well-known consumer brands. According to the SEC’s complaint, from 2018 to 2020, Andrew J. Chapin, […]
Winston Reed Investments To Pay $255,000 In Restitution
(HedgeCo.Net) The U.S. District Court for the Western District of North Carolina entered final consent judgments against Mark N. Pyatt and Winston Reed Investments LLC in connection with their roles in a fraudulent investment scheme. The SEC’s complaint alleged that, […]
Final Judgment Handed Down Against North Carolina Investment Adviser
(HedgeCo.Net) The U.S. District Court for the Western District of North Carolina entered a final judgment as to monetary relief against Richard W. Davis, whom the SEC previously charged in connection with a scheme to defraud advisory clients and misappropriate […]
Atlanta Investment Adviser Charged with Fraudulent Securities Offering and Misappropriating Investor Funds
(HedgeCo.Net) The Securities and Exchange Commission charged Atlanta, Georgia-based investment adviser Christopher Burns with defrauding investors and misappropriating investor funds. According to the SEC’s complaint, Burns, through his investment adviser firm Investus Advisers LLC d/b/a Dynamic Money LLC, sold more […]
SEC Chairman Jay Clayton Confirms Plans to Conclude Tenure at Year End
(HedgeCo.Net) Jay Clayton, Chairman of the Securities and Exchange Commission, confirmed today that after serving for more than three and a half years, he will conclude his tenure at the end of this year. Chairman Clayton was sworn in on […]
Former Wells Fargo Executives Charged for Misleading Investors About Key Performance Metric
(HedgeCo.Net) The Securities and Exchange Commission has charged former Wells Fargo & Co. CEO and Chairman John G. Stumpf and former head of Wells Fargo’s Community Bank Carrie L. Tolstedt for their roles in allegedly misleading investors about the success […]
SEC Charges Investment Adviser with Fraudulent Securities Offering
(HedgeCo.Net) The Securities and Exchange Commission has charged an unregistered investment adviser, who allegedly concealed his criminal past, with defrauding his clients through the offer and sale of investments in a fictitious investment fund, and misappropriating a large portion of […]
Final Judgment Handed Down Against Former Senior Partner at Apollo Management Who Defrauded Fund Clients
(HedgeCo.Net) The Securities and Exchange Commission obtained a final judgment against Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., who used client assets to fund his personal lifestyle. The SEC’s complaint, filed on October 25, 2017, alleged that […]