Category Archives: HedgeCoVest News
Swap Dealer Pays Over $6.8 Million for Violations of Swap Dealer Business Conduct Standards
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against New York-based, provisionally registered swap dealer Mizuho Capital Markets LLC for trade practice violations of the Swap Dealer Business Conduct Standards in the Commodity […]
SEC Obtains Judgment Against Former CEO and General Counsel Who Raised Millions of Dollars from Investors Through False Statements
(HedgeCo.Net) The United States District Court for the District of Connecticut has entered a final judgment against former Connecticut resident Ronald D. Swanson ordering him to pay over $927,000 in disgorgement and penalties in a securities offering fraud action previously […]
Investment Adviser and Fund Trustees Charged with Liquidity Rule Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against investment adviser Pinnacle Advisors LLC for aiding and abetting Liquidity Rule violations by a mutual fund it advised and whose Liquidity Risk Management Program it administered. The SEC also charged […]
Advisory Firm Charged with Breach of Fiduciary Duty in Connection with Use of Leveraged ETFs
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against Fargo, North Dakota-based investment adviser Classic Asset Management LLC (CAM) and indirect part-owner and investment adviser representative Douglas G. Schmitz for breach of fiduciary duty in connection with the […]
SEC Alleges Son and Father-in-Law Touted Faith to Target Church Members in $20 Million Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Brett M. Bartlett, his father-in-law Scott A. Miller, and their companies for fraudulent securities offerings that raised at least $20.5 million, some of which Bartlett and Miller misused for personal expenses. According […]
SEC Charges Florida Trader with Microcap Stock Manipulation Scheme and Obtains Final Judgment
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a final consent judgment against Carlos Eduardo Reyes Alvarez of Port Saint Lucie, Florida, permanently enjoining him from violating the antifraud and anti-manipulation provisions of the […]
Court Orders Former Head of International Binary Options Scheme to Pay More than $561,000 in Restitution
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the U.S. District Court for the Northern District of Ohio entered a consent order on April 27 for a permanent injunction, restitution, and equitable relief against Jared J. Davis, a former resident […]
Federal Court Orders South African CEO to Pay Over $3.4 Billion for Forex Fraud
(HedgeCo.Net) The U.S. District Court for the District of Massachusetts has entered final judgments against defendants Trends Investments Inc., Leslie Greyling and Brandon Rossetti, who were previously charged by the SEC with engaging in a scheme to defraud investors in […]
SEC Obtains Final Judgment from Former Executive for His Role in $100 Million Accounting Fraud
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered final judgment against Jeffrey Hastings for his role in a multi-year accounting fraud engaged in while he was CEO of Houston-based seismic data company SAExploration Holdings, […]
CFTC Charges 14 Entities for Fraudulently Claiming to be Registered with the Agency
(HedgeCo.Net) The Commodity Futures Trading Commission has filed charges against 14 entities for fraudulently claiming to be registered with the CFTC as futures commission merchants (FCM) and retail foreign exchange dealers (RFED). The entities, which claim to be based in […]
SEC Files Charges in Alleged $8-Million Investment Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed fraud charges against Charles Winn LLC, its senior managers, Aaron David Scott-Britten (aka Aaron David, Aaron Scott, and Aaron David K. Britten) and Ohran Emmanuel Stewart (aka Elliott Stewart), Casey Alexander, a […]
SEC Obtains Judgments Against Former Hedge Fund Portfolio Manager and Trader Related to Hedge Fund Valuation Scheme
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has final consent judgments against Amin Majidi, a portfolio manager for a private fund advised by now-defunct New York-based investment adviser Premium Point Investments LP, and Ashish Dole, […]
