Category Archives: HedgeCoVest News

Siblings Charged in $124 Million Crypto Fraud Operation that included Misleading Roadshows, YouTube Videos

(HedgeCo.Net) The Securities and Exchange Commission has charged siblings John and JonAtina (Tina) Barksdale with defrauding thousands of retail investors out of more than $124 million through two unregistered fraudulent offerings of securities involving a digital token called “Ormeus Coin.” […]

RIA City National Rochdale to Pay More Than $30 Million for Undisclosed Conflicts of Interest

(HedgeCo.Net) The Securities and Exchange Commission has announced that registered investment adviser City National Rochdale, LLC (CNR) has agreed to pay more than $30 million to settle charges that its undisclosed conflicts of interest defrauded current and prospective clients. The […]

Investment Adviser and Its Principal Charged with Conducting a Fraudulent “Cherry-Picking” Scheme

(HedgeCo.Net) The Securities and Exchange Commission has filed charges against Rehoboth Beach, Delaware-based Bell Rock Capital, LLC, and its principal, M. Cassandra Toroian, for operating a multi-year cherry-picking scheme that defrauded Bell Rock clients. The SEC’s complaint alleges that from […]

SEC Proposes Increased Reporting on Short Positions

(HedgeCo.Net) The Securities and Exchange Commission has voted to propose changes that would provide greater transparency to investors and regulators by increasing the public availability of short sale related data. New Exchange Act Rule 13f-2 and the corresponding Form SHO […]

Delaware Investment Adviser and Its Principal Charged with Conducting a Fraudulent “Cherry-Picking” Scheme

(HedgeCo.Net) The Securities and Exchange Commission today filed charges against Rehoboth Beach, Delaware-based Bell Rock Capital, LLC, and its principal, M. Cassandra Toroian, for operating a multi-year cherry-picking scheme that defrauded Bell Rock clients. The SEC’s complaint alleges that from […]

SEC Charges Investment Adviser with Failing to Disclose Financial Conflicts of Interest

(HedgeCo.Net) The Securities and Exchange Commission has charged Arthur S. Hoffman with fraud arising from recommendations he made to clients while working as an investment adviser representative of Ameriprise Financial Services. The SEC’s complaint, filed February 24, 2022, alleges that, […]

SEC Charges Director of Investor Relations with Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has charged John-Michael Havrilla, a former employee of medical device company PAVmed Inc., for insider trading in advance of the company’s April 2020 positive earnings announcement. To settle the charges against him, Havrilla agreed […]

SEC Settles Charges Against Silicon Valley Insider Trading Ring

(HedgeCo.Net) A federal district court judge has entered final consent judgments against Nathaniel Brown and Benjamin Wylam, which concluded the Securities and Exchange Commission’s case against a Silicon Valley insider trading ring whose members generated nearly $1.7 million in illegal […]

SEC Charges California Company and Promoters Engaged in Pump-And-Dump Scheme Involving Covid-19 Claims

(HedgeCo.Net) The Securities and Exchange Commission has charged California-based Global Wholehealth Partners Corp., its CEO, and four penny stock promoters with conducting a $1.95 million fraudulent pump-and-dump scheme through a series of false and misleading statements in press releases and […]

Infinity Q Founder Charged with Orchestrating Massive Valuation Fraud

(HedgeCo.Net) The Securities and Exchange Commission has charged James Velissaris, the former Chief Investment Officer and founder of Infinity Q Capital Management, with overvaluing assets by more than $1 billion while pocketing tens of millions of dollars in fees. The […]

12 Additional Investment Advisers and Broker-Dealers Charged for Failure to Meet CRS Obligations

(HedgeCo.Net) The Securities and Exchange Commission has announced that six investment advisers and six broker-dealers have agreed to settle charges that they failed to file and deliver client or customer relationship summaries – known as Form CRS – to their […]

BlockFi Agrees to Pay $100 Million in Penalties and Pursue Registration of its Crypto Lending Product

(HedgeCo.Net) The Securities and Exchange Commission has charged BlockFi Lending LLC (BlockFi) with failing to register the offers and sales of its retail crypto lending product. In this first-of-its-kind action, the SEC also charged BlockFi with violating the registration provisions […]