Category Archives: HedgeCo News
Former Goldman Sachs Executive Charged With FCPA Violations
(HedgeCo.Net)The Securities and Exchange Commission today announced charges against former Goldman Sachs Group Inc. executive Tim Leissner for engaging in a corruption scheme, by which he obtained millions of dollars by paying unlawful bribes to various government officials to secure […]
SEC Obtains $3 Million Settlement in Insider Trading Action
(HedgeCo.Net) The Securities and Exchange Commission has announced settled insider trading charges against two Oklahoma oil and gas executives who engaged in insider trading in a medical device company and generated more than $1.5 million in illicit profit. The SEC’s […]
SEC Charges Founder, Digital-Asset Issuer With Fraudulent ICO
(HedgeCo.Net) The Securities and Exchange Commission has charged a digital-asset entrepreneur and his company with defrauding investors in an initial coin offering (ICO) that raised more than $42 million from hundreds of investors. The SEC’s complaint alleges that from August […]
Westend Investments Charged with Fraud in Alleged Long-Running Ponzi Scheme
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has filed a civil enforcement action in the District of New Mexico against defendant Douglas Lien (d/b/a Westend Investments) of Santa Fe, New Mexico, charging him with fraud and failing to register with […]
Former Congressman and Two Others Settle Insider Trading Charge
(HedgeCo.Net)The Securities and Exchange Commission announced today settlements with former U.S. Rep. Christopher Collins, his son Cameron Collins, and Stephen Zarsky, all of whom were charged with insider trading and pleaded guilty to related criminal charges. The settlements, which are […]
Broker-Dealer Jefferies to Pay Nearly $4 Million for Improper Handling of ADRs
(HedgeCo.Net) Jefferies LLC will pay nearly $4 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs are U.S. securities that represent foreign shares of a foreign company, and they require a corresponding number of foreign […]
SEC Charges Multinational Telecommunications Company with large-scale bribery scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced that Sweden-based Telefonaktiebolaget LM Ericsson was charged with engaging in a large-scale bribery scheme involving the use of sham consultants to secretly funnel money to government officials in multiple countries. The bribes […]
Connecticut Investment Adviser Charged with Defrauding Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission charged a Connecticut investment adviser with misappropriating $560,000 from his advisory clients by selling fictitious financial products and using the proceeds to pay other advisory clients, as well as for his own use. According […]
Hedge Fund Adviser and Top Executives Charged with Fraud
(HedgeCo.Net) SBB Research Group, LLC, a Chicago-area hedge fund adviser and its two top executives have been charged by the Securities Exchange Commission with a multi-year fraud that inflated fund values. According to the SEC’s complaint, SBB Chief Executive Officer […]
SEC Revokes Registration of Investment Adviser Engaged in $60 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission has revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which the Commission recently charged with securities fraud for hiding losses in its flagship hedge fund and selling at least […]
SEC Halts Scheme Targeting Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed an emergency action and obtained an asset freeze against the operators of a South Florida-based investment scheme that defrauded over 100 retail investors, many of whom are seniors. […]
SEC Wins Trial and $1.8 Million Judgment Against Investment Adviser for Defrauding Clients
(HedgeCo.Net) An Illinois federal judge entered a final judgment on November 12, 2019 against an investment adviser who the SEC charged in March 2009 with fraud for misappropriating client assets and misrepresenting the value of 15 unregistered investment pools. Following […]