Category Archives: HedgeCo News
10 Companies Charged For Unlawfully Selling Woodbridge Group Securities
(HedgeCo.Net) 13 individuals and 10 companies are facing charges for unlawfully selling securities of Woodbridge Group of Companies LLC to retail investors. Woodbridge collapsed into bankruptcy in December 2017 and the SEC previously charged the company, its owner and others […]
Bainbridge Partners Launches a UCITs Compliant Quant-Driven, Equity Market Neutral Fund
(HedgeCo.Net) Bainbridge Partners, a London based quantitative investment specialist since 2002, announced today the launch of a multi-strategy, global, equity market neutral investment fund following approval by the CSSF in Luxembourg, late last year. “LUX MULTIMANAGER SICAV – Bainbridge Equity […]
Judgment Issued Against Former CEO in Transition Management Fraud Case
(HedgeCo.Net) A judgment has been issued against the former CEO of a brokerage consulting business who was charged for his role in a multimillion dollar transition management fraud. The SEC previously charged a brokerage consulting business known as GTS along […]
BNY Mellon to Pay More Than $54 Million for Improper Handling of ADRs
(HedgeCo.Net) The Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign company – require a […]
SEC Brings Charges in Edgar Hacking Case
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against nine defendants for participating in a previously disclosed scheme to hack into the SEC’s EDGAR system and extract nonpublic information to use for illegal trading. The SEC charged a Ukrainian […]
Husband of Investment Banker Charged with Insider Trading
(HedgeCo.Net) The husband of a New York-based banking consultant has been charged with insider trading in advance of an airline merger based on confidential information he learned by eavesdropping on the phone conversations of his then-fiancé, who was an investment […]
SEC Charges Audit Firm and Suspends Accountants for Deficient Audits
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against national audit firm Crowe LLP, two of its partners, and two partners of a now-defunct audit firm for their significant failures in audits of Corporate Resource Services Inc., which went […]
Orange County Investment Adviser Charged With Defrauding Clients
(HedgeCo.Net) A Laguna Niguel, California investment adviser has been charged with misappropriating client funds and misleading his clients about how their money was invested and how their investments were performing. The SEC is seeking an asset freeze and the appointment […]
Two Advisory Firms, CEO Charged With Mutual Fund Share Class Disclosure Violations
(HedgeCo.Net) Two New York-based investment advisers will collectively pay more than $1.8 million, which will be returned to harmed investors. According to the SEC’s orders, American Portfolios Advisers Inc., PPS Advisors Inc., and PPS’s Chief Executive Officer and Chief Investment […]
JPMorgan to Pay More Than $135 Million for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission has announced that JPMorgan Chase Bank N.A. will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of […]
Top hedge fund industry trends for 2019
(HedgeCo.Net) The hedge fund industry is dynamic, and participants are best served by anticipating, rather than reacting to, change. Informed by our contact with more than two thousand institutional investors and hundreds of hedge fund organizations, the following is Agecroft’s […]
SEC Settles Charges with Previously Barred N.Y. Adviser
(HedgeCo.Net) The Securities and Exchange Commission has agreed to resolve its claims against Walter F. Grenda, Jr., who was charged with violating a July 2015 Commission order barring him from association with an investment adviser and with aiding and abetting […]