(HedgeCo.Net) The Securities and Exchange Commission today announced settled insider trading charges against a Nevada man who obtained confidential information about a pending corporate merger from a lifelong friend and used it to generate more than $250,000 in illicit trading […]

(HedgeCo.Net) A federal district court has entered a final consent judgment against a broker who was charged with defrauding customers by making unsuitable and unauthorized trades and churning customers’ accounts, which enriched the broker at the customers’ expense. The SEC’s […]

(HedgeCo.Net) The Securities and Exchange Commission has charged a New Hampshire-based company and its former CEO with misleading investors about the company’s ability to supply “sapphire glass” for Apple’s iPhones. The company, GT Advanced Technologies Inc., also is found to […]

(HedgeCo.Net) The Securities and Exchange Commission charged Christopher D. Dougherty and several entities he controlled, with operating a Ponzi scheme that defrauded his investment advisory clients out of $7 million. The San Diego District Attorney’s Office separately announced criminal charges […]

(HedgeCo.Net) The Securities and Exchange Commission has announced the entry of an emergency court order freezing assets related to alleged insider trading that yielded approximately $2.5 million in profits in connection with the April 12, 2019 announcement that oil-and-gas conglomerate […]

(HedgeCo.Net) The Securities and Exchange Commission has charged a New York City man with continuing a previously charged scheme, stealing millions of dollars from investors who were allegedly falsely promised their funds would be used for the purchase and resale […]

(HedgeCo.Net) The Securities and Exchange Commission has charged Christopher D. Dougherty and several entities he controlled, with operating a Ponzi scheme that defrauded his investment advisory clients out of $7 million. The San Diego District Attorney’s Office separately announced criminal […]

(HedgeCo.Net) On April 18, 2019, the United States District Court for the Southern District of New York, ordered a former broker, Zachary S. Berkey, to pay $106,000 in disgorgement, plus prejudgment interest, and $71,000 in civil penalties. The SEC charged […]

(HedgeCo.Net) The order, entered on April 10, 2019 by the Honorable Percy Anderson of the U.S. District Court for the Central District of California, preliminarily prohibits Motty Mizrahi and MBIG Company from violating the antifraud provisions of Section 10(b) of […]

(HedgeCo.Net) The Securities and Exchange Commission has obtained an emergency asset freeze and temporary restraining order to halt an ongoing fraudulent securities offering by Eric D. Lyons, a Massachusetts resident, in an attempt to conceal his misappropriation from certain hedge […]

(HedgeCo.Net) According to SEanC’s complaint, in 2013, Loflin helped his business partner gain control of Greenway, using a front company to hide his partner’s identity. Loflin then created back-dated convertible promissory notes to document debts owed by Greenway that could […]

(HedgeCo.Net) The Securities and Exchange Commission has announced that Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors. San Francisco-based Prosper is a marketplace lender that, through […]