Category Archives: HedgeCoVest News

SEC Charges Unregistered Brokers That Facilitated More Than $1.2 Billion in Primarily Penny Stock Trades

(HedgeCo.Net) The Securities and Exchange Commission has charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities trading, primarily in penny stocks. The […]

Goldman Sachs Asset Management Charged for Failing to Follow its Policies and Procedures Involving ESG Investments

(HedgeCo.Net) The Securities and Exchange Commission has charged Goldman Sachs Asset Management, L.P. (GSAM) for policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance (ESG) investments. To settle the […]

SEC Obtains Final Judgments Against Two Family Office Executives Charged with Insider Trading

(HedgeCo.Net) The United States District Court for the Southern District of New York has entered a final consent judgment against Charles Rustin “Rusty” Holzer, a manager of a family office, whom the SEC previously charged with insider trading. On October […]

SEC Seeks to Stop the Registration of Misleading Crypto Asset Offerings

(HedgeCo.Net) The Securities and Exchange Commission has instituted administrative proceedings against American CryptoFed DAO LLC (American CryptoFed), a Wyoming-based organization, to determine whether a stop order should be issued to suspend the registration of the offer and sale of two […]

SEC Charges Unregistered Brokers that Facilitated more than $1.2 Billion in Stock Trades

(HedgeCo.Net) The Securities and Exchange Commission has charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities trading, primarily in penny stocks. The […]

SEC Charges Massachusetts Resident with Conducting $2 Million Fraudulent Investment Offering

(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Massachusetts resident Adrian J. Kawuba, alleging that he conducted a fraudulent offering of securities. The SEC has obtained emergency relief in court, including a temporary restraining order and asset freeze […]

S&P Global Ratings Charged with Conflict of Interest Violations

(HedgeCo.Net) The Securities and Exchange Commission has charged S&P Global Ratings, a nationally recognized statistical rating organization (NRSRO) registered with the Commission, with violating conflict of interest rules designed to prevent sales and marketing considerations from influencing credit ratings. The […]

SEC Obtains Fraud Injunction and Penny Stock Bar Against Microcap Stock Promoter

(HedgeCo.Net) Judge Ricardo S. Martinez of the U.S. District Court for the Western District of Washington has entered a consent judgment against David Ferraro for his role in an alleged microcap stock promotion scheme that generated approximately $792,000 in trading […]

SEC Charges Creator of Global Crypto Ponzi Scheme and Three US Promoters in Connection with $295 Million Fraud

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault for their roles in Trade Coin Club, a fraudulent crypto Ponzi scheme that raised more than 82,000 bitcoin, valued […]

Halal Capital Founder Charged with Multimillion Dollar Fraudulent Scheme That Targeted Muslim Community

(HedgeCo.Net) The Securities and Exchange Commission has charged Jebara Igbara, the founder of Halal Capital LLC, in connection with a more than $8 million scheme that targeted investors from the New York metropolitan area’s Muslim community. According to the SEC’s […]

SEC Obtains Settlement Against Investment Professionals Charged with Cherry Picking

(HedgeCo.Net) The Securities and Exchange Commission has obtained a final consent judgment against defendants Ramiro Jose Sugranes, Lina Maria Garcia, and two investment firms that the SEC had previously charged with an illegal cherry picking scheme, as well as a […]

Incarcerated Felon and Five Friends Charged in $2 Million Scheme Defrauding Multiple Broker-Dealers.

(HedgeCo.Net) The Securities and Exchange Commission has charged six individuals, including a federal inmate, for conducting a freeriding scheme that defrauded multiple broker-dealers. The SEC’s complaint alleges that from May 2019 to early January 2021, Syed Arham Arbab, 25, and […]