Category Archives: HedgeCo News
Charges Filed in Alleged $25-Million Microcap Stock Fraud
(HedgeCo.Net) Charges have been filed against four individuals and related businesses for their roles in two microcap frauds and unlawful securities offerings. In sum, the alleged illegal transactions resulted in proceeds of more than $25 million. According to the SEC’s […]
Company Settles Unregistered ICO Charges After Self-Reporting to SEC
(HedgeCo.Net) The Securities and Exchange Commission has charged Gladius Network LLC with conducting an unregistered initial coin offering (ICO), which the company self-reported to the SEC. According to the SEC’s order, Gladius conducted an ICO in late 2017, after the […]
Final Judgments Against Former CEO and Former CFO of General Cable Corp. Operating Segment
(HedgeCo.Net) The Honorable Joan A. Lenard of the U.S. District Court for the Southern District of Florida entered final judgments on consent against Mathias Francisco Sandoval Herrera and Maria D. Cidre, the former Chief Executive Officer and former Chief Financial […]
Broker-Dealer and Transfer Agent Charged in Microcap Shell Factory Fraud
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against a broker-dealer, a transfer agent, and three individuals for their roles in the creation of over a dozen undisclosed “blank check” companies from 2009 to 2014. In its complaint, the […]
Cognizant To Pay $25-Million To Settle FCPA Violations
(HedgeCo.Net) Cognizant Technology Solutions Corporation has agreed to pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), and two of the company’s former executives were charged for their roles in facilitating the payment of […]
SEC Proposes to Expand “Test-the-Waters” Modernization Reform to All Issuers
(HedgeCo.Net) The Securities and Exchange Commission has voted to propose an expansion of a popular modernization reform that would permit investor views about potential offerings to be taken into account at an earlier stage in the process than is the […]
Settlement Concluded with Broker in Case Alleging Public Offering Allocation Fraudulent Practices
(HedgeCo.Net) The U.S. District Court for the District of New Jersey has entered a final judgment against defendant Brian Hirsch, who was charged by the SEC in connection with public offering allocation practices at two large brokerage firms. The SEC’s […]
Charges Filed in Elaborate Microcap Stock Fraud
(HedgeCo.Net) Four individuals and related businesses have been charged for their roles in two microcap frauds and unlawful securities offerings. In sum, the alleged illegal transactions resulted in proceeds of more than $25 million. According to the SEC’s complaint, from […]
Deloitte Japan Charged With Violating Auditor Independence Rules
(HedgeCo.Net) Deloitte Touche Tohmatsu LLC (Deloitte Japan) will pay $2 million to settle charges that it issued audit reports for an audit client at a time when dozens of its employees maintained bank accounts with the client’s subsidiary. According to […]
SEC Charges Former Senior Attorney at Apple With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against a former senior attorney at Apple whose duties included executing the company’s insider trading compliance efforts. The SEC’s complaint alleges that Gene Daniel Levoff, an attorney who previously […]
Court Enters Judgment Against Microcap Company and Two Promoters in Pump-And-Dump Scheme, Ordering Each Promoter to Pay Over $4.6 Million
(HedgeCo.Net) Jason McDiarmid, Kenneth George Cedric Telford, and Stop Sleep Go, Inc., formerly known as Interactive Multi-Media Auction Corp, have all been charged with running a pump-and-dump scheme in Interactive Multi-Media’s stock. The complaint alleged that McDiarmid and Telford took […]
SEC Obtains Judgment Against Donato Baca, Jr. in Ponzi Scheme
(HedgeCo.Net) The SEC has charged Baca, his business partner, Jonny Ngo, and NL Technology, LLC with lying to investors. According to the SEC’s complaint, NL Technology, Ngo, and Baca raised more than $61 million from over 350 investors by falsely […]