Category Archives: HedgeCo News
SEC Charges Agent Funds and Principals with Fraud and Registration Violations;
(HedgeCo.Net) The Securities and Exchange Commission has charged Pisces Income Fund, LLC, Pisces Income Fund Parallel, LLC, and their principals Shannon Westhead and Alec Vagnozzi; Capricorn Income Fund I, LLC, Capricorn Income Fund I Parallel, LLC, and their principal Albert […]
SEC Charges D. E. Shaw with $10m Penalty for Violating Whistleblower Protection Rule
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against New York-based registered investment adviser D. E. Shaw & Co., L.P. for raising impediments to whistleblowing by requiring employees to sign agreements prohibiting the disclosure of confidential corporate information to […]
International Accounting Firm Prager Metis Charged with Hundreds of Auditor Independence Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, (together, Prager) for violating auditor independence rules and for aiding and abetting their clients’ […]
AssetMark To Pay $18m for Failing to Disclose Multiple Financial Conflicts
(HedgeCo,Net) The Securities and Exchange Commission has announced that Concord, California-based registered investment adviser AssetMark Inc. has agreed to pay more than $18 million to settle charges related to undisclosed conflicts of interest involving a cash sweep program operated by […]
Bruderman Asset Management and its Principal Charged for Failing to Disclose Misuse of Investment Funds
(HedgeCo.Net) The Securities and Exchange Commission has announced that New York-based Bruderman Asset Management LLC (BAM) and its principal, Matthew J. Bruderman, agreed to settle charges related to their failure to disclose the misuse of proceeds raised from investment advisory […]
Goldman to Pay SEC $6 Million in Penalties for Providing Deficient Blue Sheet Data
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Goldman Sachs & Co. LLC for failing to provide complete and accurate securities trading information, known as blue sheet data, to the SEC. Goldman agreed to pay a $6 million […]
SEC Cracks Alleged Ponzi Scheme Generating over $15m from over 450 investors
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against Mexico-based company Aras Investment Business Group S.A.P.I. de C.V., its CEO Armando Gutierrez Rosas, and four individuals for fraudulently raising at least $15 million from more than 450 retail investors […]
New York Firm Charged with Acting as Unregistered Investment Advisers to Former Russian Billionaire
Firm and Owner’s failures to register prevented oversight of more than $7 billion in assets ((HedgeCo.Net) The Securities and Exchange Commission has filed charges against Concord Management LLC of Tarrytown, New York, and its owner and principal, Michael Matlin, for […]
Lyft Hit with $10m Penalty For Failing to Disclose Board Member’s Financial Interest in Private Shareholder’s Stock Transaction
(HedgeCo.Net) The Securities and Exchange Commission has charged Lyft Inc. for failing to disclose a company board director’s role in a shareholder’s sale of approximately $424 million worth of private shares of Lyft’s stock prior to the company’s initial public […]
CFTC Orders Utah Man to Pay More Than $2.5 Million for Leveraged Bitcoin Fraud
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Jacob Orvidas. The order finds Orvidas fraudulently solicited at least four people (pool participants) to trade leveraged bitcoin in a commodity pool, lost almost […]
Connecticut Advisory Firm GlennCap and its Owner Charged with Cherry-Picking
(HedgeCo.Net) The Securities and Exchange Commission has settled fraud charges against GlennCap LLC, a Connecticut-based investment advisory firm, and its owner, Jonathan Vincent Glenn, for allocating profitable securities trades to favored accounts, including GlennCap’s own accounts and client accounts that […]
Minnesota Based Company and Founder Charged in Alleged Fraudulent Securities Offering
(HedgeCo.Net) The Securities and Exchange Commission has filed a complaint in federal court in Minnesota alleging that Robyn A. Bowman and her company Phoenix Asset Group, LLC perpetrated a fraudulent offering. The SEC’s complaint alleges that Bowman and Phoenix raised […]
