Category Archives: Insider Trading
TD Securities Charged in Spoofing Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against registered broker-dealer TD Securities (USA) LLC for manipulating the U.S. Treasury cash securities market through an illicit trading strategy known as spoofing. The bank was also charged for failing to […]
SEC Charges Advisory Firm With Violating Whistleblower Protection Rule
(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges against Florida-based GQG Partners LLC, a registered investment adviser, for entering into agreements with candidates for employment and a former employee that made it more difficult for them to report […]
Advisory Firm Macquarie Investment To Pay Nearly $80m For Allegedly Overvaluing Assets
(HedgeCo.Net) The Securities and Exchange Commission has announced Registered Investment Adviser Macquarie Investment Management Business Trust (MIMBT) will pay a total of $79.8 million to settle charges for overvaluing approximately 4,900 largely illiquid collateralized mortgage obligations (CMOs) held in 20 […]
SEC Charges Three Former Executives of Medly Health with Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged now-defunct digital pharmacy startup Medly Health Inc’s. co-founder and former CEO, Marg Patel, former CFO, Robert Horowitz, and former Head of Rx Operations, Chintankumar Bhatt, with defrauding investors in connection with capital […]
John Deere, to pay $10 Million to resolve alleged Bribery Charges
(HedgeCo.Net) The Securities and Exchange Commission has announced that Deere & Company, which does business as John Deere, has agreed to pay nearly $10 million to resolve SEC charges that it violated the Foreign Corrupt Practices Act (FCPA) arising out […]
Six Credit Rating Agencies Hit with $49M in fines and charged with Significant Recordkeeping Failures
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against six nationally recognized statistical rating organizations, or NRSROs, for significant failures by the firms and their personnel to maintain and preserve electronic communications. The firms admitted the facts set forth […]
China-based QZ Asset Management Ltd. and its CEO Charged in Pre-IPO Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against China-based investment adviser QZ Asset Management Limited a/k/a Qianze Asset Management Limited (QZ Asset), its South Dakota-based holding company QZ Global Limited, and the CEO of both entities, Blake Yeung […]
SEC Charges Brothers Jonathan and Tanner Adam with $60 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has obtained emergency asset freezes against Jonathan Adam, a resident of Angleton, Texas, and his brother, Tanner Adam, a resident of Miami, Florida, and against their respective entities, GCZ Global LLC and Triten Financial […]
Carl Icahn Charged with hiding billions in loans backed by IEP stock
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose information relating to Icahn’s pledges of IEP securities as collateral to secure personal margin […]
Russell Todd Burkhalter and His Atlanta-Firm Charged With $300 Million Ponzi Scheme
(Hedgeco.Net) The Securities and Exchange Commission today announced that it obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, Russell Todd Burkhalter, to halt a $300 million real estate […]
Founder of the BitClout blockchain protocol Charged with Fraud and Unregistered Offering of Crypto Asset Securities
(HedgeCo.Net) The Securities and Exchange Commission has charged Nader Al-Naji with perpetrating a multi-million-dollar fraudulent crypto asset scheme involving a social media platform called BitClout and its native token of the same name (herein, “BTCLT”). According to the SEC’s complaint, […]
SEC Awards More Than $37 Million to a Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission has announced an award of more than $37 million to a whistleblower who provided information not previously known to the SEC and which significantly contributed to a successful enforcement action. The whistleblower also met […]
