Category Archives: HedgeCo News
Kraft and Mondel?z Global to Pay $16 Million in Wheat Manipulation Case
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission today announced that it obtained a $16 million penalty and injunction pursuant to a federal court’s entry of a consent order against defendants Kraft Foods Group, Inc. and Mondel?z Global LLC. The order, […]
SEC Charges Former CFO of Cash Advance Company With Defrauding Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged 1 Global Capital LLC’s former chief financial officer, Alan G. Heide, with defrauding retail investors. The now bankrupt Florida-based cash advance company allegedly fraudulently raised more than $322 million from 3,600 investors […]
SEC Obtains Freeze of $8 Million in Assets in Alleged Fraudulent Token Offering and Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission announced fraud charges against a Brooklyn individual and two entities under his control who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. […]
Broker-Dealer Charged with Violations of Gatekeeping Provisions Aimed at Protecting Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged Canaccord Genuity LLC, a broker-dealer headquartered in New York City, with enabling trading in dozens of thinly-traded securities without conducting the review required by the federal securities laws. According to the SEC’s […]
Investment Banking Analyst Charged with Insider Trading
(HedgeCo.Net) An analyst at a large international investment bank has been charged with insider trading based on confidential information that he learned about Siris Capital Group’s plans to acquire Electronics for Imaging, Inc. (EFII). According to the SEC’s complaint filed […]
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 today 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 […]
SEC Obtains Temporary Restraining Order and Asset Freeze in Startup Company Investment Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has obtained a temporary restraining order and asset freeze against defendants Tanmaya (a/k/a Tan) Kabra and LaunchByte.io, LLC in the SEC’s previously filed emergency action, in which the SEC alleges […]
Final Judgments Handed Down Against Three Former Executives of Brokerage Consulting Business in Transition Management Fraud
(HedgeCo.Net) The Securities and Exchange Commission has obtained final judgments against three former senior executives of the now-defunct brokerage consulting business, Global Transition Solutions, LLC (GTS), for their roles in a multimillion dollar transition management fraud. The SEC previously charged […]
SEC Announces Fraud Charges in Startup Company Investment Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced an emergency action charging a former Boston, Massachusetts resident and his company with defrauding retail investors by promising to invest their money in start-up companies with high returns, while instead using hundreds […]
Investment Adviser Charged for Failing to Disclose Conflicts Arising from Revenue Sharing
(HedgeCo.Net) The Securities and Exchange Commission has charged Commonwealth Equity Services, LLC d/b/a Commonwealth Financial Network (Commonwealth), a registered investment adviser and broker-dealer based in Waltham, Massachusetts, with failing to disclose material conflicts of interest related to revenue sharing Commonwealth […]
Brixmor Property Group Inc. and Former Senior Executives Charged with Accounting Fraud
(HedgeCo.Net)The Securities and Exchange Commission has charged Brixmor Property Group Inc., a publicly-traded real estate investment trust, and four former senior executives with fraud in connection with a scheme to manipulate a key non-GAAP metric relied on by analysts and […]
CFTC Charges Trader with Spoofing in Financial Futures Markets
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Benjamin Cox, a trader and CFTC-registered floor broker based in Chicago, Illinois, for engaging in spoofing in the Chicago Mercantile Exchange (CME) E-mini S&P […]