Category Archives: Insider Trading

Co-Founders of San Francisco Biotech Company Charged With $60 Million Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged Jessica Richman and Zachary Apte, co-founders of uBiome Inc., a San Francisco-based private medical testing company, with defrauding investors out of $60 million by falsely portraying uBiome as a successful start-up with a […]

SEC Halts Alleged Ongoing Offering Fraud Involving Digital Asset Trading Fund

(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained a temporary restraining order and asset freeze against Shawn C. Cutting of Sandpoint, Idaho, for allegedly raising millions of dollars from hundreds of investors […]

SEC Obtains Emergency Asset Freeze, Charges California Trader with Posting False Stock Tweets

(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges and an asset freeze and other emergency relief against an Irvine, California-based trader who used social media to spread false information about a defunct company, while secretly profiting by selling […]

AT&T and Three Executives Charged with Selectively Providing Information to Wall Street Analysts

(HedgeCo.Net) The Securities and Exchange Commission has charged AT&T, Inc. with repeatedly violating Regulation FD, and three of its Investor Relations executives with aiding and abetting AT&T’s violations, by selectively disclosing material nonpublic information to research analysts. According to the […]

SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity

(HedgeCo.Net) As part of its continuing effort to respond to potential attempts to exploit investors during the recent market volatility, the Securities and Exchange Commission has suspended trading in the securities of 15 companies because of questionable trading and social […]

Final Judgment Handed Down Against Connecticut Investment Adviser Who Misappropriated Funds from Clients

(HedgeCo.Net) The Securities and Exchange Commission has announced the entry of a final judgment against former Connecticut investment adviser James T. Booth. The SEC complaint, filed on September 30, 2019, alleges that Booth operated a multi-million dollar Ponzi scheme that bilked […]

SEC Granted Injunction Against IIG Co-Founder

(HedgeCo.Net) Judge Denise L. Cote of the U.S. District Court for the Southern District of New York has entered a partial judgment against David Hu, the co-founder and chief investment officer of International Investment Group (IIG), a formerly registered investment […]

SEC Charges Former Minneapolis-Area Investment Adviser with Fraud for Misappropriating Client Funds

(HedgeCo.Net) The Securities and Exchange Commission charged former Minneapolis-area investment adviser Isaiah L. Goodman for allegedly defrauding his advisory clients out of approximately $2.25 million. According to the SEC’s complaint, from at least September 2018 to November 2020, Goodman, doing […]

Premier Holding Corp. and Its CEO Ordered to Pay More Than $10 Million for Securities Fraud

(HedgeCo.Net ) United States District Judge Cormac J. Carney of the Central District of California has entered final judgments against microcap issuer Premier Holding Corp. and its CEO, Randall Letcavage, in connection with a fraudulent scheme to mislead Premier’s investors […]

SEC Files Fraud and Other Charges in Connection with a Fraudulent Investment Adviser and Private Fund Enterprise

(HedgeCo.Net) The Securities and Exchange Commission has charged Stephen Scott Moleski (a/k/a Steve Scott) and David Michael with fraud in connection with an investment adviser and private fund enterprise they operated. The SEC also charged Moleski, Michael, and their agent, […]

SEC Charges Former Executives of San Francisco Bay Area Company With Accounting Violations

(HedgeCo.Net) The Securities and Exchange Commission today charged Joseph Jackson and Colm Callan, respectively the former CEO and CFO of WageWorks Inc. with making false and misleading statements and omissions, including to the company’s auditors, that resulted in the company’s improper recognition […]

SEC Charges Three Individuals in Digital Asset Frauds

(HedgeCo.Net) The Securities and Exchange Commission has charged three individuals with defrauding hundreds of retail investors out of more than $11 million through two fraudulent and unregistered digital asset securities offerings. According to the SEC’s complaint, filed in U.S. District […]