Category Archives: HedgeCo News
SEC Charges Trustify Inc. and Founder in $18.5 Million Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Trustify Inc., an online marketplace purportedly designed to connect customers to a network of private investigators, and its founder and CEO Daniel Boice with fraudulently offering and selling over $18.5 million of […]
SEC Charges Silicon Valley Start-Up and CEO with Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged a Mountain View, California technology start-up and its chief executive officer with defrauding investors of approximately $11 million by making false and misleading statements about the company’s finances and sources of revenue. […]
SEC Charges Silicon Valley Start-Up and CEO With Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged a Mountain View, California-based technology start-up and its chief executive officer with defrauding investors by making false and misleading statements about the company’s finances and sources of revenue. The SEC’s complaint alleges […]
UBS to Pay $10 Million for Violating Rules Which Give Priority To Retail Investors in Municipal Offerings
(HedgeCo.Net) The Securities and Exchange Commission has announced that UBS Financial Services Inc. has agreed to pay more than $10 million to resolve charges that it circumvented the priority given to retail investors in certain municipal bond offerings. According to […]
SEC Charges Financial Advisor with Fraud for Stealing Millions from Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged former registered representative and investment adviser Michael Barry Carter with fraud for stealing from brokerage customers and an elderly advisory client. The SEC’s complaint alleges that Carter, a financial advisor in the […]
SEC Files Fraud Charges Against Co-Founder of IIG
(HedgeCo.Net) The Securities and Exchange Commission today charged David Hu, the co-founder and chief investment officer of International Investment Group LLC (IIG), a former registered investment adviser, with fraud for his role in a $60 million Ponzi-like scheme. The SEC’s […]
SEC Issues $3.8 Million Whistleblower Award
(HedgeCo.Net) The Securities and Exchange Commission today announced a $3.8 million award to a whistleblower who provided significant information that helped the SEC disrupt an ongoing fraudulent scheme. The resulting enforcement action returned millions of dollars to harmed investors. “Today’s […]
SEC Issues $3.8 Million Whistleblower Award
(HedgeCo.Net) The Securities and Exchange Commission has announced a $3.8 million award to a whistleblower who provided significant information that helped the SEC disrupt an ongoing fraudulent scheme. The resulting enforcement action returned millions of dollars to harmed investors. “Today’s […]
SEC Charges Wind Turbine Company and Individuals With Defrauding Investors
(HedgeCO.Net) The Securities and Exchange Commission has announced charges against Thunderbird Power Corp., an Arizona-based company claiming to be developing a wind turbine technology, and three individuals for defrauding investors out of more than $1.9 million in the unregistered offer […]
Final Judgment Against Investment Adviser Managers Charged with Misleading Clients
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered final consent judgments against Benjamin Alderson, the former CEO of registered investment adviser deVere USA, Inc., and Bradley Hamilton, a former deVere USA manager, in connection […]
SEC Proposes Amendments to Update Form 13F for Institutional Investment Managers; Amend Reporting Threshold to Reflect Today’s Equities Markets
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has proposed to amend Form 13F to update the reporting threshold for institutional investment managers and make other targeted changes. The threshold has not been adjusted since the Commission adopted […]
EC Settles with Operators of Investment Scheme Targeting the Orthodox Jewish Community in Chicago
(HedgeCo.Net) The Securities and Exchange Commission has obtained a consent judgment against Chicago resident Zvi Feiner and his company FNR Healthcare, LLC for operating a fraudulent scheme that targeted investors in the Orthodox Jewish community in the Chicago area. The […]