Category Archives: Insider Trading
SEC Charges Unregistered Brokers that Facilitated more than $1.2 Billion in 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 Charges Massachusetts Resident with Conducting $2 Million Fraudulent Investment Offering
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Massachusetts resident Adrian J. Kawuba, alleging that he conducted a fraudulent offering of securities. The SEC has obtained emergency relief in court, including a temporary restraining order and asset freeze […]
S&P Global Ratings Charged with Conflict of Interest Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged S&P Global Ratings, a nationally recognized statistical rating organization (NRSRO) registered with the Commission, with violating conflict of interest rules designed to prevent sales and marketing considerations from influencing credit ratings. The […]
SEC Obtains Fraud Injunction and Penny Stock Bar Against Microcap Stock Promoter
(HedgeCo.Net) Judge Ricardo S. Martinez of the U.S. District Court for the Western District of Washington has entered a consent judgment against David Ferraro for his role in an alleged microcap stock promotion scheme that generated approximately $792,000 in trading […]
SEC Charges Creator of Global Crypto Ponzi Scheme and Three US Promoters in Connection with $295 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault for their roles in Trade Coin Club, a fraudulent crypto Ponzi scheme that raised more than 82,000 bitcoin, valued […]
Halal Capital Founder Charged with Multimillion Dollar Fraudulent Scheme That Targeted Muslim Community
(HedgeCo.Net) The Securities and Exchange Commission has charged Jebara Igbara, the founder of Halal Capital LLC, in connection with a more than $8 million scheme that targeted investors from the New York metropolitan area’s Muslim community. According to the SEC’s […]
SEC Obtains Settlement Against Investment Professionals Charged with Cherry Picking
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final consent judgment against defendants Ramiro Jose Sugranes, Lina Maria Garcia, and two investment firms that the SEC had previously charged with an illegal cherry picking scheme, as well as a […]
Incarcerated Felon and Five Friends Charged in $2 Million Scheme Defrauding Multiple Broker-Dealers.
(HedgeCo.Net) The Securities and Exchange Commission has charged six individuals, including a federal inmate, for conducting a freeriding scheme that defrauded multiple broker-dealers. The SEC’s complaint alleges that from May 2019 to early January 2021, Syed Arham Arbab, 25, and […]
SEC Obtains Final Judgment Against Perpetrator of Boiler Room Scheme
(Hedgeco.Net) The United States District Court for the Eastern District of New York has entered a final consent judgment against Mark Alan Lisser. The final judgement permanently enjoins Lisser from violating the antifraud provisions of the federal securities. According to […]
SEC Proposes New Oversight Requirements for Certain Services Outsourced by Investment Advisers
(HedgeCo.Net) The Securities and Exchange Commission has proposed a new rule and rule amendments under the Investment Advisers Act of 1940 to prohibit registered investment advisers from outsourcing certain services and functions without conducting due diligence and monitoring of the […]
SEC Obtains Final Judgment Against Investment Advisers Charged with Defrauding Their Advisory Clients
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against defendants Cetera Advisors, LLC and Cetera Advisor Networks, LLC, whom the SEC previously charged with defrauding their advisory clients by failing to disclose several sources of compensation. According […]
SEC Charges Canadian Company and Former Senior Executive with Accounting Fraud
(HedgeCo.Net) The Securities and Exchange Commission today charged Cronos Group Inc., a Nasdaq-listed cannabis company based in Toronto, for improperly accounting for millions of dollars of revenue and for other accounting misconduct in multiple reporting periods. The SEC also charged […]
