Category Archives: Insider Trading

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 […]

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 […]