Category Archives: HedgeCo News
Final Judgment Handed Down Against Recidivist Investment Adviser
(HedgeCo.Net) The United States District Court for the Northern District of Ohio has entered final consent judgments against recidivist investment adviser Brandon E. Copeland and his advisory firm, E.B. & Copeland Capital, Inc. The SEC’s complaint alleges that, after the […]
CFTC Orders UK Company to Pay Over $490,000 for Registration and Supervision Violations
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order filing and settling charges against Gain Capital UK Limited (Gain UK) of London, England for failing to register as a retail foreign exchange dealer (RFED) and for supervision violations related […]
Investors to Receive $37 Million from SEC Settlement with Stiefel Laboratories and Charles Stiefel
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has obtained final judgments that will require a former privately held dermatology products manufacturer and its former chairman and CEO to pay $37 million for the benefit of shareholders whom […]
SEC Obtains Judgment of More Than $30 Million Against Investment Adviser and Principal
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment and more than $30 million in monetary relief in its action against Navellier & Associates, Inc., a Nevada-based investment advisory firm, and its founder and chief investment officer, Louis […]
Insurance Company Settles SEC Charges for Failing to Disclose Executive Perks
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against Bermuda-based insurance company Argo Group International Holdings, Ltd. for failing to fully disclose perquisites and benefits provided to its former chief executive officer. The SEC’s order finds that in […]
South Florida Investment Adviser and Its President Charged with Books, Records and Registration Failures
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Miami, Florida-based E*Hedge Securities, Inc. and its President, Devon W. Parks, for failing to provide required books and records during a Commission examination and for improperly registering with the Commission […]
CFTC Charges Kentucky Man in Multi-Million Dollar Fraud Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the Eastern District of Kentucky against defendant William S. Evans III (d/b/a Turning Point Investments) of Harrodsburg, Kentucky, charging him with fraud in connection […]
SEC Shuts Down Fraudulent Investment Adviser Targeting Senior Citizens
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against a California-registered investment adviser and his entities to halt an ongoing Ponzi scheme targeting senior […]
Unregistered $25.5 Million ICO Issuer to Return Money for Distribution to Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against blockchain services company BitClave PTE Ltd. headquartered in San Jose, California, for conducting an unregistered initial coin offering (ICO) of digital asset securities. BitClave agreed to settle the charges by […]
Unregistered $25.5 Million ICO Issuer to Return Money for Distribution to Investors
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against blockchain services company BitClave PTE Ltd. headquartered in San Jose, California, for conducting an unregistered initial coin offering (ICO) of digital asset securities. BitClave agreed to settle the charges by […]
Private Equity Firm Ares Management LLC Charged With Compliance Failures
(HedgeCo.Net) Ares Management LLC, a Los Angeles-based private equity firm and registered investment adviser, has agreed to pay one million dollars to settle charges that it failed to implement and enforce policies and procedures reasonably designed to prevent the misuse […]
SEC Charges Owner of Film Distribution Company with Defrauding Publicly Traded Fund
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against William Sadleir, the owner of a film distribution company, for defrauding a publicly traded fund of at least $13.8 million. The SEC alleges that BlackRock Multi-Sector Income Trust (BIT), a […]