Category Archives: HedgeCo News
Final Judgment Against Research Analyst Who Tipped Hedge Fund Portfolio Manager
(HedgeCo.Net) A federal district court in New York has entered a final consent judgment against Sandeep Aggarwal, a former research analyst at a registered broker dealer and investment research firm. The SEC previously charged Aggarwal with insider trading for tipping […]
CFTC Wins Forex Fraud Trial on Damages and Obtains Judgment of More than $22 Million
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that following a bench trial the U.S. District Court for the Middle District of Alabama entered a final judgment against defendants Husam Tayeh of Illinois and his companies, Dinar Corp., Inc. and […]
Wells Fargo to Pay $500 Million for Misleading Investors About the Success of Its Largest Business Unit
(HedgeCo.Net) The Securities and Exchange Commission has charged California-based Wells Fargo & Co. for misleading investors about the success of its core business strategy at a time when it was opening fake accounts for unknowing customers and selling unnecessary products […]
Summary Judgment Against Investment Advisory Firm for Misleading Investment Strategies
(HedgeCo.Net) A federal district court in Massachusetts has granted partial summary judgment in favor of the Securities and Exchange Commission in its pending action against Navellier & Associates, Inc., a Nevada-based investment advisory firm, and its founder and chief investment […]
SEC Charges Firm and Executives with Defrauding More Than 1,000 Retail Investors, Obtains Emergency Relief
(HedgeCo.Net) The Securities and Exchange Commission has announced an emergency enforcement action and a temporary restraining order and asset freeze against Florida-based private real estate firm EquiAlt LLC, its CEO Brian Davison, and its Managing Director Barry Rybicki, in connection […]
SEC Obtains Judgment Against Former Chief Compliance Officer of Investment Adviser
(HedgeCo.Net) An Illinois federal court entered a final judgment against David Goulding, the former Chief Compliance Officer of The Nutmeg Group, LLC, a registered investment adviser that the SEC previously charged with fraud for misappropriating client assets and misrepresenting the […]
CFTC Charges Investment Firm with Fraud in Digital Asset-Linked Ponzi Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the filing of a civil enforcement action in the U.S. District Court for the District of Colorado against Breonna Clark, of Denver, Colorado, and Venture Capital Investments Ltd., a Colorado limited liability […]
Investment Advisers Charged with Failure to Disclose Financial Conflicts of Interest
(HedgeCo.Net) Criterion Wealth Management Insurance Services, Inc., a Santa Clarita, California, investment advisory firm, and its then co-owners Robert Gravette and Mark MacArthur, also of California, have been charged for breaching their fiduciary duty and defrauding their advisory clients by […]
Company and Its Principal Charged in Fraudulent $33 Million Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission announced the filing of a civil enforcement action in the U.S. District Court for the Southern District of New York against defendants Q3 Holdings, LLC and Q3 I, LP and their principal, Michael Ackerman. […]
SEC Settles Charges with Former CEO of Texas Oil-And-Gas Penny Stock Company
(HedgeCo.Net) The U.S. District Court for the Southern District of Ohio entered a final judgment against Timothy Crawford, the former CEO of Cardinal Energy Group, Inc., for fraudulently concealing the loss of Cardinal’s major source of revenue. As alleged in […]
SEC Charges Texas Company and Its Principal in Multi-Million Dollar Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission today has announced charges against a Texas company and its principal for unlawfully selling unregistered securities in connection with the previously charged Madison Timber Properties, LLC Ponzi scheme. The SEC’s complaint, filed in federal […]
ABN AMRO Clearing Chicago Charged With Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission has announced that ABN AMRO Clearing Chicago LLC will pay more than $586,000 to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs are U.S. securities that represent foreign shares of […]