Category Archives: Insider Trading
CFTC Orders Texas Trading Advisor and His Company to Pay Approximately $250,000 for Fraudulent Solicitation and Failure to Register
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Peter L. Bryant of Texas and his company, Bryant Capital Trade Management Corporation (Bryant Capital), a registered Texas entity, for committing fraud while acting […]
SEC Obtains Emergency Relief, Charges Recidivist in Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained a temporary restraining order and asset freezes to stop an offering fraud allegedly perpetrated by Florida company PreIPO Corp., Boca Raton resident and serial […]
SEC Charges Georgia Resident in Crypto-Related Affinity Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Keith Crews of Kennesaw, Georgia for conducting an affinity fraud through two entities which he owned and controlled, Stem Biotech LLC and Four (4) Square Biz LLC. According to the SEC’s complaint, […]
SEC Sues Alleged Perpetrators of Fraudulent Multi-Level Marketing Scheme and Unregistered Offering
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against Ashraf Mufareh of Orlando, Florida, and his company, ONPASSIVE LLC (together, the “defendants”), for orchestrating a fraudulent and unregistered offering. The SEC’s complaint alleges that, since 2018, the defendants have […]
SEC Charges Investment Advisory Firm and Firm’s Owner for Breaching Fiduciary Duties to Clients
(HedgeCo.Net) The Securities and Exchange Commission has Timothy Overturf of Arcata, California and his investment advisory firm Sisu Capital, LLC (Sisu Capital) for breaching their fiduciary duties to clients, including by making unauthorized and unsuitable trades in client accounts from […]
Colombian Conglomerate Grupo Aval and Its Bank Subsidiary to Pay $40 Million to Settle FCPA Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged Colombian conglomerate Grupo Aval Acciones y Valores S.A., aka Grupo Aval S.A., and its bank subsidiary, Corporación Financiera Colombiana S.A. (Corficolombiana), with violating the Foreign Corrupt Practices Act (FCPA). Grupo Aval, whose […]
Crypto Asset Trading Platform Bittrex Settles SEC Charges for Operating an Unregistered Exchange, Broker, and Clearing Agency
(HedgeCo.Net) The Securities and Exchange Commission has just announced that crypto asset trading platform Bittrex Inc. and its co-founder and former CEO, William Shihara, agreed to settle charges that they operated an unregistered national securities exchange, broker, and clearing agency. […]
11 Wall Street Firms Charged with Widespread Recordkeeping Failures and $289 Million in Fines
(HedgeCo.Net) The Securities and Exchange Commission files charges against 10 firms in their capacity as broker-dealers and one dually registered broker-dealer and investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic […]
Fund Administrator Charged For Missing Red Flags
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Theorem Fund Services LLC (TFS), a fund administrator based in Boca Raton, Florida, for failing to respond to red flags relating to a fraud against a private fund and its […]
SEC Charges Massachusetts Resident with $1.2 Million Offering Fraud and Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Brockton, Massachusetts resident Jose D. Rocha for running a Ponzi scheme in which he took approximately $1.2 million from 13 investors in the Cape Verdean community around the Boston area. […]
SEC Obtains Emergency Relief to Halt Utah-Based Company’s Crypto Asset Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced that it obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., a Draper, Utah based entity doing business as “DEBT Box,” as well as the company’s […]
Florida Investment Adviser Charged a Second Time for Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Charles Rustin Holzer, a family office executive and former broker who last year settled SEC charges that he traded in options of Dun & Bradstreet Corp. (DNB) on […]
