Category Archives: HedgeCo News
SEC Monitoring Impact of Hurricane Dorian on Capital Markets
(HedgeCo.Net) The SEC divisions and offices that oversee companies, accountants, investment advisers, mutual funds, brokerage firms, transfer agents, and other regulated entities and investment professionals will continue to closely track developments. They will evaluate the possibility of granting relief from […]
Investment Adviser Firm and Its Principals Charged With Defrauding Retired NFL Players
(HedgeCo.Net) The Securities and Exchange Commission today charged a Tallahassee-based investment adviser firm and its two former principals with defrauding investors, most of whom were retired NFL players who had joined a class-action lawsuit against the league claiming they suffered […]
SEC Shuts Down $300 Million Fraud Perpetrated by San Diego Company and Its Principal
(HedgeCo.Net) The Securities and Exchange Commission today announced it has filed charges and obtained a consented-to asset freeze against San Diego-based ANI Development LLC, its principal, Gina Champion-Cain, and a relief defendant, for operating a multi-year $300 million scheme that […]
SEC Obtains Emergency Asset Freeze, Charges Pennsylvania Investment Adviser with $100 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged a Pennsylvania investment adviser with operating an investment advisory fraud involving over $100 million in investments. The SEC also obtained an emergency asset freeze. The SEC’s complaint alleges that Brenda Smith, and […]
Chicago-Based Investment Professional Charged With Stealing Client Funds
(HedgeCo.Net) The Securities and Exchange Commission has charged Marcus Boggs, an investment adviser representative at the Chicago office of a large financial services firm, with stealing more than $1.7 million from at least three of his clients. According to the […]
Indictment Issued Against Investment Adviser Named in SEC Action
(HedgeCo.Net) A federal grand jury in Los Angeles has indicted investment adviser Motty Mizrahi on wire fraud charges, in a seven count indictment.The SEC previously charged Mizrahi and his sole proprietorship MBIG Company in an emergency action where it obtained […]
Mississippi Company and its Principal Charged in Alleged Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a Mississippi company and its principal for their role in selling promissory notes in connection with the previously charged Madison Timber Properties, LLC Ponzi Scheme. The SEC’s complaint, filed in federal court […]
SEC Obtains Final Judgment Against CEO in Penny Stock Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission obtained a final judgment against the former CEO of a penny stock company based in the Chicago suburbs, ordering the payment of more than $860,000 in monetary remedies. The SEC charged Andrew J. Kandalepas, […]
SEC Charges Broker-Dealer and CEO With Supervision Failures Related to Hedge Fund Valuation Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged New York-based broker-dealer AOC Securities LLC, and its former chief executive officer, Ronaldo Gonzalez, with failing to supervise an AOC broker who provided inflated price quotes for certain securities to a significant […]
SEC Charges Head Sales Agent in South Florida Alternative Investments Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Boca Raton, Florida resident Scott P. Strochak, a former registered broker, for making material misrepresentations regarding an investment fund scheme that targeted retail investors, and for acting as an unregistered […]
Federal Court Orders Defendants to Pay More Than $2.7 Million in a Forex Fraud Scheme
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has announced that the U.S. District Court for the Northern District of Georgia entered a default judgment against defendants Kevin Andre Perry and Lucrative Pips Corporation of Atlanta, Georgia in an enforcement action […]
Cantor Fitzgerald and BMO Capital Charged for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission has announced that broker Cantor Fitzgerald & Co. will pay more than $647,000 and broker BMO Capital Markets Corporation will pay over $3.9 million to settle charges of improper handling of “pre-released” American Depositary […]