Category Archives: HedgeCo News
Three Traders Settle Fraud Charges in Edgar Hacking Case
(HedgeCo.Net) The Securities and Exchange Commission has announced settlements with Sungjin Cho, Ivan Olefir, and Capyield Systems, Ltd., an entity controlled by Olefir, who were charged with trading on nonpublic corporate earnings information hacked from the SEC’s EDGAR system. According […]
Three Traders Settle Fraud Charges in Edgar Hacking Case
(HedgeCo.Net) The Securities and Exchange Commission has announced settlements with Sungjin Cho, Ivan Olefir, and Capyield Systems, Ltd., an entity controlled by Olefir, who were charged with trading on nonpublic corporate earnings information hacked from the SEC’s EDGAR system. According […]
Federal Court Orders Colorado Company and its Principal to Pay Over $900,000 for Digital Asset and Forex Ponzi Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that the U.S. District Court for the District of Colorado entered a judgment against defendants Venture Capital Investments LLC (VCI) and its principal and manager Breonna Clark d/b/a Eliot Clark d/b/a Alexander Pak […]
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 […]
SEC Charges Seven Individuals with Unregistered Brokerage Activity Related to the Sale of Numerous Microcap Securities
(HedgeCo.Net) The Securities and Exchange Commission charged Alex Forester, Michael Hicks, Yarden Krampf, Christopher Lee, Sean O’Neal, Michael Raynor, and Lee Sobel for acting as unregistered brokers in connection with widespread boiler room activity. According to the SEC’s complaint, between […]
SEC Issues Record $114 Million Whistleblower Award
(HedgeCo.Net) The Securities and Exchange Commission has announced an award of over $114 million to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions. The $114 million award consists of an approximately $52 […]
SEC Adopts Modernized Regulatory Framework for Derivatives Use by Registered Funds and Business Development Companies
(HedgeCo.Net) The Securities and Exchange Commission has voted to enhance the regulatory framework for derivatives use by registered investment companies, including mutual funds (other than money market funds), exchange-traded funds (ETFs) and closed-end funds, as well as business development companies. […]
SEC Wins Virtual Bench Trial Against Analyst Charged with Aiding & Abetting New York Pension Fund Pay-To-Play Scheme
(HedgeCo.Net) Judge Paul G. Gardephe of the United States District Court for the Southern District of New York found that John A. Paulsen, a former managing director and fixed income research analyst at a registered broker-dealer, aided and abetted a […]
SEC Charges Goldman Sachs With FCPA Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against The Goldman Sachs Group Inc. for violations of the Foreign Corrupt Practices Act (FCPA) in connection with the 1Malaysia Development Berhad (1MDB) bribe scheme, and as part of coordinated resolutions, […]
Andeavor Agrees to Pay $20-Million Penalty Related to Stock Buyback Plan
(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges against Andeavor LLC for controls violations relating to a stock buyback plan it implemented while it was in discussions to be acquired by Marathon Petroleum Corp. in 2018. According to the […]
Federal Court Orders Affiliate Marketer to Pay More Than $13.8 Million for Binary Options Fraud
(HedgeCo.Net) The Commodity Futures Trading Commission announced today that the U.S. District Court for the District of Hawaii entered an order of default judgment on September 14, 2020 finding that Peter Szatmari, formerly of Hawaii, fraudulently solicited U.S. residents to […]
SEC Charges Founder of Investment Firm with Orchestrating $2.95 Million Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged New Jersey resident Alexander Rowland with the fraudulent offer and sale of approximately $2.95 million of securities to approximately 122 investors through his company, Roaring Investments, Inc. According to the SEC’s complaint, […]