Category Archives: HedgeCo News
SG Americas to Pay $3.1 Million to Settle Charges of Providing Deficient Blue Sheet Data
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against broker-dealer SG Americas Securities LLC for failing to provide complete and accurate securities trading information known as “blue sheet data.” SG Americas agreed to pay a $1.55 million civil penalty […]
Final Judgments Entered as to Massachusetts-Based Investment Adviser and Relief Defendants
(HedgeCo.Net) The U.S. District Court for the District of Massachusetts has entered final judgments against two relief defendants, Brad and Brian Herman, in connection with the SEC’s civil action against Massachusetts-based investment adviser Gregg Caplitz and his former advisory firm. […]
SEC Awards Almost $700,000 to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission today announced an award of almost $700,000 to a whistleblower whose significant information helped the agency bring a successful enforcement action that resulted in the return of money to harmed investors. The whistleblower reported […]
Emergency Action Halts Brothers’ Cryptocurrency Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained a temporary restraining order and asset freeze against two Pennsylvania-based brothers and three entities they control to stop an offering fraud and the misappropriation […]
Deutsche Bank to Pay Over $10 Million to Settle Two CFTC Cases
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the settlement of two enforcement matters involving Deutsche Bank. In the first matter, Deutsche Bank AG (Deutsche Bank) resolved federal court charges stemming from alleged violations of various swap data reporting and […]
Federal Court Orders Advisor to Pay $890,000 for Defrauding Church and Community Members in Forex Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that the U.S. District Court for the Southern District of New York entered a consent order for permanent injunction and other equitable relief against defendant Brett G. Hartshorn of Sarasota, Florida, finding, […]
AmTrust Financial Services and Former CFO Charged With Faulty Loss Reserves Disclosures
(HedgeCo.Net) The Securities and Exchange Commission has charged international insurance company AmTrust Financial Services Inc. and its former CFO Ronald E. Pipoly Jr. with failing to disclose material facts about how the company estimated its insurance losses and reserves. They […]
SEC Obtains Judgment Against Recipient of Ponzi Scheme Proceeds
(HedgeCo.Net) The U.S. District Court of the Southern District of Florida entered has entered a final judgment against relief defendant Rhoda Burkholz of Boca Raton, Florida, who has agreed to pay over $250,000 to resolve the SEC’s action against her […]
SEC Charges Broker Who Defrauded Seniors Out of Almost $1 Million
(HedgeCo.Net) The U.S. Securities and Exchange Commission has announced charges against a Nashville, Tennessee-based securities broker for defrauding two seniors, including a World War II-era veteran, of nearly $1 million. According to the complaint, Frederick Stow acted as the veteran’s […]
SEC Charges Microcap Fraud Scheme Participants Attempting to Capitalize on the COVID-19 Pandemic
(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against five individuals and six offshore entities for an alleged fraudulent scheme that generated more than $25 million from illegal sales of multiple microcap […]
SEC Charges California Trader Engaged in Manipulative Trading Scheme Involving COVID-19 Claims
(HedgeCo.Net) The Securities and Exchange Commission today charged a penny stock trader in Santa Cruz, California, with conducting a fraudulent pump-and-dump scheme in the stock of a biotechnology company by making hundreds of misleading statements in an online investment forum, […]
SEC Awards Record Payout of Nearly $50 Million to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission has announced a nearly $50 million whistleblower award to an individual who provided detailed, firsthand observations of misconduct by a company, which resulted in a successful enforcement action that returned a significant amount of […]