Category Archives: HedgeCo News
SEC Charges Investment Adviser with Fraud
(HedgeCo.Net) Steven Fitzgerald Brown has been charged with fraud arising from his operation of investment pool Alpha Trade Analytics, Inc. The SEC’s complaint, filed on September 3, alleges that Brown, the CEO, president, and sole owner and director of Alpha […]
Fund Manager Charged with Fraud in Securities Offering in Neiman Marcus Bankruptcy
(HedgeCo.Net) The Securities and Exchange Commission today charged Daniel Kamensky, co-chair of the unsecured creditors committee in the Neiman Marcus Group Ltd. LLC Chapter 11 bankruptcy proceedings, with abusing his position on the committee to attempt to benefit a New […]
CFTC Charges Multiple Individuals and Entities in $28 Million Ponzi Scheme that Targeted Churchgoers
(HedgeCo.Net) The Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the United States District Court for the District of Maryland charging Dennis Jali, a South African citizen who previously resided in Maryland, with orchestrating […]
SEC Halts Fraudulent Offering by Florida Investment Adviser
(CNBC) The Securities and Exchange Commission today announced that it has filed an emergency action against Florida-based investment adviser Coral Gables Asset Management LLC and its sole owner, David C. Coggins, in connection with an alleged fraudulent offering. On Aug. 20, 2020, […]
SEC Charges Ponzi Scheme Targeting African Immigrants
(HedgeCo.Net) The Securities and Exchange Commission has charged two Maryland companies and their principals for a scheme that allegedly defrauded approximately 1,200 investors, many of them African immigrants, of more than $27 million. According to the SEC’s complaint, Dennis Jali, […]
SEC Halts Fraudulent Offering by Florida Investment Adviser
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has filed an emergency action against Florida-based investment adviser Coral Gables Asset Management LLC and its sole owner, David C. Coggins, in connection with an alleged fraudulent offering. On Aug. 20, 2020, […]
Super Micro and Former CFO Charged in Connection with Widespread Accounting Violations
(HedgeCo.Net) The Securities and Exchange Commission today charged Super Micro Computer, Inc., a producer of computer servers, and its former CFO, Howard Hideshima, with prematurely recognizing revenue and understating expenses over a period of at least three years. According to […]
Former Brokers Charged with IIIegally Selling Securities
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against two former registered representatives, Minish “Joe” Hede and Kevin Graetz, for acting as unregistered brokers in the sale of securities issued by Belize Infrastructure Fund I, LLC (Belize Fund). According […]
CFTC Orders Toronto-Based Firm to Pay $500,000 for Violating Capital, Reporting, and Supervision Rules
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order filing and settling charges against OANDA Corporation, a futures commission merchant (FCM) and retail foreign exchange dealer (RFED) headquartered in Toronto, Canada, for violating certain capital, reporting, and supervision rules. […]
CFTC Orders The Bank of Nova Scotia to Pay $127.4 Million for Spoofing, False Statements, Compliance and Supervision Violations.
(HedgeCo.Net) The Commodity Futures Trading Commission today issued three orders filing and settling charges against The Bank of Nova Scotia (BNS), a provisionally registered swap dealer, resolving two separate enforcement actions. The combined orders require BNS to pay $127.4 million […]
Broker Charged with Defrauding Customers
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Ross Barish, a registered representative at Joseph Stone Capital, LLC, a broker-dealer located in Mineola, New York, for defrauding sixteen retail customers. The SEC’s complaint alleges that Barish engaged in […]
CFTC Orders Interactive Brokers LLC to Pay More Than $12 Million for Anti-Money Laundering and Supervision Violations
(HedgeCo.Net) The Commodity Futures Trading Commission today filed and simultaneously settled charges against Interactive Brokers LLC, a registered futures commission merchant (FCM), for failing to diligently supervise its officers’, employees’, and agents’ handling of several commodity trading accounts and failing […]