Category Archives: HedgeCo News

SEC Freezing Assets of Investment Adviser Charged with Defrauding Elderly Clients

(HedgeCo.Net) The Securities and Exchange Commission has filed charges and obtained a consented-to asset freeze against a Santa Maria, California-based investment adviser, who allegedly defrauded her victim clients of over $2 million.   According to the SEC’s complaint, Julie Anne Darrah […]

BlackRock Charged with Failing to Properly Disclose Investments by Publicly Traded Fund it Advised

(HedgeCo.Net) The Securities and Exchange Commission has charged BlackRock Advisors, LLC, an investment adviser, for failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it advised. To settle the charges, […]

CFTC Charges Former Chief Executive Officer of Digital Asset Platform with Fraud in Massive Commodity Pool Scheme

(HedgeCo.Net) The Commodity Futures Trading Commission has filed a complaint in the U.S. District Court for the Southern District of New York against Tennessee resident Stephen Ehrlich, the former chief executive officer of now-bankrupt entities Voyager Digital Ltd., Voyager Digital […]

SEC Obtains Judgment Against CEO for Unregistered Crypto Asset Securities Offering

(HedgeCo.Net) Judge Charles R. Breyer of the United States District Court for the Northern District of California has entered default judgment against Thor Technologies, Inc. and its CEO and co-founder David Chin for conducting a $2.6 million unregistered offering of […]

SEC Obtains Emergency Relief To Halt Alleged $130 Million Fraud

(HedgeCo.Net) The Securities and Exchange Commission has obtained a temporary restraining order, asset freeze, and other emergency relief to halt an ongoing fraud targeting the Indian American community that has raised nearly $130 million since April 2021. The fraud is […]

SEC Adopts Rule to Increase Transparency Into Short Selling

(HedgeCo.Net) The Securities and Exchange Commission has adopted new Rule 13f-2 to provide greater transparency to investors and other market participants by increasing the public availability of short sale related data. Congress directed the SEC in Section 929X of the Dodd-Frank […]

CFTC Awards Whistleblower Over $18 Million

(HedgeCo.Net) The Commodity Futures Trading Commission has awarded over $18 million to a whistleblower who provided detailed information and assistance in a CFTC enforcement action and in a related action by another agency. The whistleblower provided assistance to the Division […]

CFTC Charges Former CEO of Digital Asset Platform with Fraud

(HedgeCo.Net) The Commodity Futures Trading Commision has filed a complaint in the U.S. District Court for the Southern District of New York against Tennessee resident Stephen Ehrlich, the former chief executive officer of now-bankrupt entities Voyager Digital Ltd., Voyager Digital […]

CFTC Orders Three Financial Institutions to Pay Over $50 Million for Swap Reporting Failures

(HedgeCo.Net) The Commodity Futures Trading Commission has issued orders simultaneously filing and settling charges with affiliates of three financial institutions for a variety of swap dealer activities including failures related to swap data reporting and, in one case, failures related […]

CFTC Charges Trading Firm, CEO, and COO with $5 Million Forex Commodity Pool Scheme

(HedgeCo.Net) The Commodity Futures Trading Commission today has filed a civil complaint in the U.S. District Court for the Eastern District of New York against Technical Trading Team, LLC (TTT), its Chief Executive Officer Edwin Carrion, formerly of Pinecrest, Florida, […]

SEC Files Subpoena Enforcement Action Against Elon R. Musk

(HedgeCo.Net) The Securities and Exchange Commission (“SEC”) has filed an application seeking an order directing Elon Musk (“Musk”) to comply with an investigative subpoena calling for his appearance for testimony, with which Musk failed to comply. If a person or […]

Cash Flow King Podcast Host Charged with Perpetrating $11 Million Ponzi Scheme

(HedgeCo.Net) The Securities and Exchange Commission has charged Matthew Motil, host of the podcast, “The Cash Flow King,” for fraudulently raising approximately $11 million from more than 50 investors in a Ponzi scheme involving notes that were purportedly backed by […]