(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 […]

(HedgeCo.Net) According to the SEC’s complaint, filed in federal court in the Southern District of New York, Applied BioSciences issued a press release on March 31 stating that it had begun offering and shipping supposed finger-prick COVID-19 tests to the […]

(HedgeCo.Net) The Commodity Futures Trading Commission today announced the filing of an enforcement action in the U.S. District Court for the Southern District of New York, charging defendant Casper Mikkelsen, a/k/a “Carsten Nielsen,” a/k/a “Brian Thomson,” a/k/a “Thomas Jensen,” a/k/a […]

(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges against three former KPMG LLP audit partners for improperly sharing answers to internal training exams and for subsequent wrongdoing during an investigation of exam sharing misconduct at the firm. The […]

(HedgeCo.Net) New York-based credit rating agency Morningstar Credit Ratings LLC has been charged for violating a conflict of interest rule designed to separate credit ratings and analysis from sales and marketing efforts. Morningstar has agreed to pay $3.5 million to […]

(HedgeCo.Net) The Securities and Exchange Commission has announced charges in two cases involving companies that claimed in press releases to offer products to combat the COVID-19 virus – one against Applied BioSciences Corp. and one against Turbo Global Partners, Inc. […]

(HedgeCo.Net) Morgan Stanley Smith Barney LLC (MSSB) has agreed to settle charges that it provided misleading information to clients in its retail wrap fee programs regarding trade execution services and transaction costs. MSSB has agreed to pay a $5 million […]

(HedgeCo.Net) The Commodity Futures Trading Commission today filed a Notice of Intent to revoke the registrations of Phy Capital Investments, LLC (PCI), a registered commodity pool operator with its principal place of business in Miami, Florida, and its chief executive […]

(HedgeCo.Net) The SEC’s alleges that, from at least January 2016 to May 2019, Elliott, operating through Piptastic, falsely represented to investors that he would use their money for an overseas fund that purportedly engaged in a trading strategy known as […]

(HedgeCo.Net) The Securities and Exchange Commission today filed settled charges against registered broker-dealer Bloomberg Tradebook LLC for making material misrepresentations and omitting material facts about how the firm handled certain customer trade orders. The SEC’s order finds that Tradebook routed […]

(HedgeCo.Net) The Securities and Exchange Commission has charged husband and wife Zhuobin (“Ben”) Hong and Caixia Jiang in a multi-million dollar insider trading scheme involving the securities of Sagent Pharmaceuticals, Inc. According to the SEC’s complaint, filed in federal district […]

(HedgeCo.Net) The Commodity Futures Trading Commission has announced a whistleblower award exceeding $2 million to be shared among four whistleblowers. The CFTC granted the whistleblowers’ award applications for both a CFTC action and related actions brought by another regulator. In […]