Category Archives: Insider Trading
SEC Charges Four Individuals in Crypto Pyramid Scheme that Targeted Spanish-Speaking Communities
(HedgeCo.Net) The Securities and Exchange Commission has charged Francisley Valdevino Da Silva, Juan Antonio Tacuri Fajardo, Ramon Antonio Perez Arias, and Jose Ramiro Coronado Reyes for their roles in creating and promoting Forcount Trader Systems, Inc., a fraudulent crypto asset […]
SEC Charges Financial Services Professional and Associate in $47 Million Front-Running Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against Lawrence Billimek, an employee of a major asset management firm with securities portfolios worth billions of dollars, and Alan Williams, who previously worked at several financial industry firms, for […]
SEC Charges Danske Bank with Fraud for Misleading Investors about Its Anti-Money Laundering
(HedgeCo.Net) Danske Bank Agrees to Pay More than $400 Million to Settle Charges. The Securities and Exchange Commission has announced fraud charges against Danske Bank, a multinational financial services corporation headquartered in Denmark, for misleading investors about its anti-money laundering […]
SEC Charges CEO and His Venture Capital Firm in $6 Million Fraudulent Offering
(HedgeCo.Net) The Securities and Exchange Commission has charged CEO George Iakovou and his venture capital firm, Vika Ventures LLC, with fraudulently offering and selling more than $6 million of securities to at least 46 individual investors in multiple states including […]
SEC Charges Vika Ventures and its CEO in $6 Million Fraudulent Offering
(Hedgeco.Net) The Securities and Exchange Commission has charged venture capital firm Vika Ventures LLC and its CEO and co-founder, George Iakovou, with fraudulently offering and selling more than $6 million of securities to at least 46 individual investors in multiple […]
SEC Obtains Judgment Against Market Manipulator
(HedgeCo.Net) The U.S. District Court in Boston entered a final judgment against Virginia resident Eric T. Landis, a recidivist market manipulator, and an entity he controlled, ordering them to pay over $2.5 million in disgorgement and deeming that amount satisfied […]
AT&T Pays $6m to Settle SEC Charge of Selectively Disclosing Material Information to Wall St. Analysts
(HedgeCo.Net) The Securities and Exchange Commission is announcing that AT&T agreed to pay a $6.25 million penalty and three company executives agreed to pay $25,000 apiece stemming from charges brought in March 2021 related to the company’s selective disclosure of […]
SEC Charges New Defendant and Adds Whistleblower Impeding and Retaliation Claims in $149 Million Offering Fraud Case
(HedgeCo.Net) The Securities and Exchange Commission filed an amended complaint against Adam Rogas, the former CEO of Las-Vegas-based NS8, Inc., who was previously charged with defrauding investors by falsely claiming millions of dollars in revenue for NS8. The amended complaint […]
CFTC Charges Former Broker with Paying Brokerage Kickbacks and Misappropriating Nonpublic Information
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Lee Tippett, a former broker with Classic Energy, LLC, for participating in a scheme to pay kickbacks to Matthew Clark, a trader employed by […]
SEC Awards $20 Million to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission has announced an award of $20 million to a whistleblower who provided new and critical information that led to the success of an enforcement action. In determining the appropriate award amount, the SEC considered […]
SEC Charges Unregistered Brokers That Facilitated More Than $1.2 Billion in Primarily Penny Stock Trades
(HedgeCo.Net) The Securities and Exchange Commission has charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities trading, primarily in penny stocks. The […]
SEC Seeks to Stop the Registration of Misleading Crypto Asset Offerings
(HedgeCo.Net) The Securities and Exchange Commission has instituted administrative proceedings against American CryptoFed DAO LLC (American CryptoFed), a Wyoming-based organization, to determine whether a stop order should be issued to suspend the registration of the offer and sale of two […]
