Category Archives: HedgeCo News
New Jersey Resident Charged with Ponzi Scheme Targeting Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against a New Jersey resident who was charged by the agency with stealing more than $250,000 in a Ponzi scheme in which his friends and coworkers invested. The court’s […]
SEC Charges Founder of Online Gaming Company Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged Robert Alexander with fraudulently raising approximately $9 million from more than 50 individuals by selling investments in Kizzang LLC, a purported online gaming business. According to the SEC’s complaint, among other misrepresentations, […]
Four Public Companies Charged With Longstanding ICFR Failures
(HedgeCoNet) The Securities and Exchange Commission has settled charges against four public companies for failing to maintain internal control over financial reporting (ICFR) for seven to 10 consecutive annual reporting periods. Two of the charged companies also failed to complete […]
Two Defendants Charged with Lying to the SEC Sentenced in Microcap Fraud Case
(HedgeCo.Net) A stock promoter and a former chairman of a Massachusetts-based medical diagnostics company previously called Endeavor Power Corp were sentenced in a federal court in Boston, Massachusetts in a related criminal case brought by the Massachusetts U.S. Attorney’s Office. […]
Court Grants Partial Summary Judgment in Fraud Case Against Advisor and Two Advisory Firms
(HedgeCo.Net) The United States District Court for the Northern District of Georgia granted in part and denied in part the SEC’s motion for partial summary judgment against Thomas Conrad, Jr. and two unregistered advisory firms he controlled, Financial Management Corporation […]
SEC Obtains Fraud Judgment Against Co-Owner of Defunct New York-Based Investment Adviser
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a judgment against Andrew B. Scherr, the co-owner of Southport Lane Management, LLC, a now defunct New York-based private equity firm. The SEC charged Scherr in […]
Defendant in Fraud Case Against Illinois Investment Adviser Ordered to Pay More Than $1 Million
(HedgeCo.Net) The United States District Court for the Northern District of Illinois entered a final judgment by default against relief defendant Edward H. Forte in an SEC enforcement action. In March 2017, the Commission charged Daniel H. Glick, a Chicago-based […]
dv01 Secures $15 Million Series B Led By Pivot Investment Partners
(HedgeCo.Net) dv01, the world’s first end-to-end data management, reporting and analytics platform offering loan level transparency and insight into lending markets, has raised $15 million in Series B funding, led by Pivot Investment Partners. Other participants include a new strategic […]
Four Public Companies Charged With Longstanding ICFR Failures
(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges against four public companies for failing to maintain internal control over financial reporting (ICFR) for seven to 10 consecutive annual reporting periods. Two of the charged companies also failed to […]
Emergency Action Charges Texas Developer for Multi-Million Dollar Offering Fraud
(HedgeCo.Net) Charges have been filed against Texas resident and real estate developer Phillip Michael Carter, two other individuals, and several related entities for conducting a multi-million dollar offering fraud. The SEC’s complaint alleges that Carter, along with Bobby Eugene Guess […]
Court Orders $1 Billion Judgment Against Operators of Woodbridge Ponzi Scheme Targeting Retail Investors
(HedgeCo.Net) A federal court in Florida has ordered Woodbridge Group of Companies LLC and its former owner to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors. The Honorable Judge Marcia G. Cooke […]
BroadRiver Asset Management Expands Senior Executive Team
(HedgeCo.Net) BroadRiver Asset Management, L.P., an investment manager of life settlements and other non-capital-markets assets, announced today that Tony Acquadro has joined the firm as Senior Director of Global Business Development.Acquadro, will leverage the firm’s expertise in accessing and structuring […]