Category Archives: HedgeCoVest News
Investment Adviser Betterment to Pay $9-Million for Misstatements Concerning Tax Loss Harvesting Service
(HedgeCo.Net) The Securities and Exchange Commission today charged investment advisory firm Betterment LLC for material misstatements and omissions related to its automated tax loss harvesting service (TLH), failing to provide clients with notice of changes to contracts, and failing to […]
Crypto Asset Trading Platform Bittrex and its Former CEO Charged for Operating an Unregistered Exchange, Broker, and Clearing Agency
(HedgeCo.Net) The Securities and Exchange Commission has charged crypto asset trading platform Bittrex, Inc. and its co-founder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Bittrex, Inc.’s foreign […]
Florida Man and His Two Entities Ordered to Pay $16 Million for Fraud, Misappropriation, and False Statements to the CFTC
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the U.S. District Court for the Southern District of Florida entered a consent order against Damian Castilla and an order for final judgment against DCAST Capital Investments LLC and Five Traders LLC […]
SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes
(HedgeCo.Net) The Securities and Exchange Commission has charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities. According to the SEC’s complaint, […]
CFTC Charges New York Resident with Fraud and Misappropriation in Digital Assets Trading Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against New York resident Rashawn Russell. The CFTC’s complaint charges Russell with fraudulently soliciting retail investors […]
CFTC Orders Goldman Sachs to Pay $15,000,000 for Violations of Swap Business Conduct Standards
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Goldman Sachs & Co. LLC (Goldman) for violations of the CFTC’s Business Conduct Standards applicable to swap dealers. Specifically, the CFTC found that Goldman […]
SEC Charges South Carolina Resident with Operating $20 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Michael J. French, of Pendleton, South Carolina, and two companies controlled by him, MJF Holdings, LLC (“MJF Holdings”) and MJF Capital, LLC (“MJF Capital”), for defrauding investors and misappropriating millions […]
Crypto Trading Platform Beaxy and Its Executives Charged for Operating an Unregistered Exchange, Broker, and Clearing Agency
(HedgeCo.Net) The Securities and Exchange Commission has charged the crypto asset trading platform beaxy.com (the Beaxy Platform) and its executives for failing to register as a national securities exchange, broker, and clearing agency. The SEC also charged the founder of […]
Merrill Lynch to Pay $9.5-Million for Failing to Disclose Foreign Exchange Fees to Clients
(HedgeCo.Net) The Securities and Exchange Commission has charged Merrill Lynch, Pierce, Fenner & Smith Incorporated for charging advisory clients more than $4 million in undisclosed foreign exchange fees for transfers to or from their accounts. To settle the charges, Merrill […]
Hedge Fund Trader and Broker-Dealer Partner Charged in Multi-Million Dollar Spac Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a U.S. broker-dealer, for using nonpublic information in advance of […]
Hedge Fund Trader and Broker-Dealer Charged in Multi-Million Dollar SPAC Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a U.S. broker-dealer, for using nonpublic information in advance of […]
Long Island Investment Adviser and Firm Charged with Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged former broker Surage Kamal Roshan Perera and his firm, Janues Capital Incorporated, with defrauding at least one investor out of millions by lying about investment opportunities and strategies, concealing trading losses, and […]
