Category Archives: Insider Trading
Surgalign Holdings to Pay $2 Million to Settle Accounting and Disclosure Fraud Charges
(HedgeCo.Net) The Securities and Exchange Commission has charged Surgalign Holdings, Inc., formerly RTI Surgical Holdings, Inc., and former executives Brian Hutchison and Robert Jordheim for masking disappointing sales numbers by shipping future orders ahead of schedule to accelerate, or “pull […]
SEC Charges Convertible Note Dealer and Its Long Island-Based Owners for Failure to Register
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against a convertible note dealer, Crown Bridge Partners, LLC, and its managing members, Soheil and Sepas Ahdoot of Great Neck, N.Y., for failing to register with the SEC as securities […]
SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, including in the […]
Former Chief Information Officer and Four Friends Charged in Insider Trading Ring
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Amit Bhardwaj, the former Chief Information Security Officer of Lumentum Holdings Inc., and his friends Dhirenkumar Patel, Srinivasa Kakkera, Abbas Saeedi, and Ramesh Chitor. According to the SEC’s […]
SEC Files Multiple Insider Trading Actions Originating from the Market Abuse Unit’s Analysis and Detection Center
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against nine individuals in connection with three separate alleged schemes that together yielded more than $6.8 million in ill-gotten gains. Those charged include a former chief information security officer […]
Equitable Financial To Pay $50 Million Penalty To Settle SEC Charges That It Provided Misleading Account Statements to Investors
(HedgeCo.Net) Accounts belonged to public school teachers and staff investing for retirement. The Securities and Exchange Commission has announced fraud charges against Equitable Financial Life Insurance Company for providing account statements to about 1.4 million variable annuity investors that included […]
Former Coinbase manager and two others charged in crypto insider trading scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced insider trading charges against a former Coinbase product manager, his brother, and his friend for perpetrating a scheme to trade ahead of multiple announcements regarding certain crypto assets that would be made […]
Equitable Financial To Pay $50 Million Penalty For Allegedly Providing Misleading Account Statements to Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against Equitable Financial Life Insurance Company for providing account statements to about 1.4 million variable annuity investors that included materially misleading statements and omissions concerning investor fees. Equitable agreed to […]
SEC Charges Four Unregistered Brokers Who Sold Sky Group Securities
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against four individuals for unlawfully selling securities of Sky Group USA, LLC, a payday loan company based in Miami, Florida. The SEC previously charged Sky Group and its owner and CEO […]
SEC Obtains Final Judgment Against New York Attorney Charged with Multi-Million Dollar Offering Fraud
(HedgeCo.Net) The United States District Court for the Eastern District of New York has entered a final judgment against Shimon Rosenfeld, Esq., an attorney and resident of Brooklyn, New York whom the SEC alleged engaged in an illegal offering fraud […]
SEC Obtains Default Judgment Against Former Executive for Fcpa Violations
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a final judgment against Jerry Li, the former managing director of a U.S.-based direct selling company in China who was previously charged with bribing government officials […]
Former Business Development Executive and Two Friends Charged with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges yesterday against Doron A. Tavlin, the former Vice President, Business Development of Mazor Robotics Ltd., and two friends who made more than $500,000 in profits from trading in advance […]
