Category Archives: HedgeCo News
SEC Wins Jury Trial Against Microcap Fraudsters
(HedgeCo.Net) Jurors in Los Angeles federal court yesterday returned a verdict in the Securities and Exchange Commission’s favor against a microcap issuer, Curative Biosciences Inc., formerly known as Healthient Inc., and husband-and-wife insiders who made false and misleading statements to […]
SEC Halts Fraudulent Offering By Florida Investment Adviser
(HedgeCo.Net) The Securities and Exchange Commission has obtained an asset freeze and other emergency relief against Florida-based investment adviser Kinetic Investment Group LLC and its managing member, Michael Scott Williams, in connection with an alleged fraudulent, unregistered securities offering that […]
SEC Halts Fraudulent Offering by Florida Investment Adviser
(Hedgeco.net) The Securities and Exchange Commission obtained an asset freeze and other emergency relief against Florida-based investment adviser Kinetic Investment Group, LLC and its managing member, Michael Scott Williams, in connection with an alleged fraudulent, unregistered securities offering that raised […]
SEC Charges Additional Traders in International Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission charged two traders in connection with a long running international insider trading scheme. The traders allegedly generated profits of more than $4 million trading in the securities of U.S. public companies in advance of […]
SEC Provides Regulatory Relief for Companies Affected by the Coronavirus
(Hedgeco.net) The Securities and Exchange Commission has announced that it is providing conditional regulatory relief for certain publicly traded company filing obligations under the federal securities laws. The impacts of the coronavirus may present challenges for certain companies that are […]
Charges filed against three Woodbridge Sales Agents Who Sold and Assisted in Selling Approximately $444 Million in Woodbridge Securities to Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Brook Church-Koegel, David H. Goldman, and Nicole J. Walker, three California-based internal sales agents for Woodbridge Group of Companies LLC, for illegally selling Woodbridge securities in unregistered transactions to retail […]
Final Judgment Against Broker Found Liable for Defrauding Customers
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against a New York-based broker who was charged with fraud for excessively trading customer accounts using a trading scheme that resulted in hefty commissions for the broker but significant […]
SEC Obtains Judgment Against Companies Running Ponzi Scheme
(HedgeCo.Net) The U.S. District Court for the Southern District of Florida has entered a final judgment against Palm Financial Management, LLC and Shore Management Systems, LLC. The SEC previously charged these defendants for their role in an alleged Ponzi scheme […]
Cardinal Health Charged With FCPA Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced that Ohio-based pharmaceutical company Cardinal Health, Inc. has agreed to pay more than $8 million to resolve charges that it violated the books and records and internal accounting controls provisions of the […]
SEC Charges Former Corporate Executive with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has announced insider trading charges against Bradley C. Davis, a former Vice President of Nordson Corporation, an Ohio-based manufacturing company. The SEC’s complaint alleges that in 2016, Davis regularly received confidential reports showing the […]
SEC Charges Wells Fargo In Connection With Investment Recommendation Practices
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network for failing reasonably to supervise investment advisers and registered representatives who recommended single-inverse ETF investments to retail investors, and for […]
SEC Charges Investment Adviser with Affinity Fraud Focused On Christian Investors
(HedgeCo.Net) Dionne Van Zyl, a Georgia-based investment adviser, has been charged with defrauding dozens of clients by taking undisclosed fees, commissions, and other compensation over a period of more than six years. According to the SEC’s complaint, from 2013 to […]