Category Archives: HedgeCoVest News

Medley Management and Former Co-CEOs to Pay $10 Million Penalty for Misleading Investors and Clients

(HedgeCo.Net) The Securities and Exchange Commission has charged publicly-traded asset manager Medley Management and its former co-CEOs, Brook B. Taube and Seth B. Taube, with making misrepresentations to investors and clients that created the illusion of Medley’s likely future growth. […]

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

(HedgeCo.Net) The Securities and Exchange Commission has announced its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 58 soliciting entities, 11 impersonators of genuine firms, and one bogus regulator. The SEC’s list of soliciting […]

SEC Issues $6 Million Award to Five Whistleblowers

(HedgeCo.Net) The Securities and Exchange Commission has announced a total award of $6 million to two groups of whistleblowers who provided information and assistance in a single covered action. The first group of whistleblowers provided the SEC with key documents […]

Former Domino’s Pizza Accountant to Pay Nearly $2 Million Penalty for Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment requiring a Michigan-based former accountant at Domino’s Pizza Inc. to pay a penalty of nearly $2 million for insider trading in the company’s stock. The SEC’s complaint, filed April […]

SEC Charges Broker and Investment Adviser with Operating a Multi-Million Dollar Ponzi Scheme

(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action and charged Wilmington, North Carolina-based broker and investment adviser Shawn Good with defrauding clients and misappropriating millions of dollars of investor funds. According to the SEC’s complaint, filed in […]

SEC Charges Senior Executive of Brazilian Company with Fraud

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Fernando Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false story with the media and […]

SEC Uncovers $194 Million Stock Schemes that Spanned Three Continents

(HedgeCo.Net) The Securities and Exchange Commission has filed charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year fraudulent penny stock schemes […]

SEC Obtains TRO and Asset Freeze against Alleged Perpetrators of nearly $450 Million Ponzi Scheme

(HedgeCo.Net) The Securities and Exchange Commission has announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly half-billion dollar Ponzi scheme involving purported personal injury settlements. The SEC charged certain defendants with violations […]

Florida-Based Companies and Their Owner Settle Mid-Trial for $1.8 Million for Fraudulent Forex and Digital Asset Scheme

(HedgeCo.Net) The Commodity Futures Trading Commission has announced the U.S. District Court for the Middle District of Florida entered an order for permanent injunction, monetary sanctions, and equitable relief against Alan Friedland of Florida and his Florida-based companies, Fintech Investment […]

Federal Court Orders Danish Resident to Pay Over $4.7 Million for Forex Fraud and Misappropriation

(HedgeCo.Net) The Commodity Futures Trading Commission has announced the U.S. Court for the Southern District of New York has entered an order and a final judgment against Danish resident Casper Mikkelsen, a/k/a Carsten Nielsen, a/k/a Brian Thomson, a/k/a Thomas Jensen, […]

SEC Charges Repeat Securities Violator David J. Bunevacz, Step-Daughter Mary Hayca Bunevacz, and Three Related Companies with Federal Securities Violations

(HedgeCo.Net) The Securities and Exchange Commission has charged CB Holding Group Corp., Caesarbrutus LLC and their recidivist principal, David J. Bunevacz of Calabasas, California, for fraudulently raising more than $32 million from at least 40 investors. The SEC also charged […]

Takeover Bid of Fortune 500 Company was a Sham

(HedgeCo.Net) The Securities and Exchange Commission has charged Melville ten Cate, a U.S. citizen residing abroad, with fraud stemming from his allegedly phony offer to purchase Textron – a large U.S.-listed aircraft, defense, and industrial company.  The SEC’s complaint, filed […]