Category Archives: live-blogging

CFTC Charges Trading Firm, CEO, and COO with $5 Million Forex Commodity Pool Scheme

(HedgeCo.Net) The Commodity Futures Trading Commission today has filed a civil complaint in the U.S. District Court for the Eastern District of New York against Technical Trading Team, LLC (TTT), its Chief Executive Officer Edwin Carrion, formerly of Pinecrest, Florida, […]

SEC Cracks Alleged Ponzi Scheme Generating over $15m from over 450 investors

(HedgeCo.Net) The Securities and Exchange Commission has filed charges against Mexico-based company Aras Investment Business Group S.A.P.I. de C.V., its CEO Armando Gutierrez Rosas, and four individuals for fraudulently raising at least $15 million from more than 450 retail investors […]

Alternative Investment Platform YieldStreet Charged for Misleading Investors

(HedgeCo.Net) The Securities and Exchange Commission has announced a settled action against New York-based YieldStreet Inc. and its registered investment adviser subsidiary, YieldStreet Management LLC (together, YieldStreet), for failing to disclose critical information to investors in a $14.5 million asset-backed […]

Binance and Its Founder, Changpeng Zhao, Charged with Willful Evasion of Federal Law and Operating an Illegal Derivatives Exchange

(HedgeCo.Net) The Commodity Futures Trading Commission today announced it has filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois charging Changpeng Zhao and three entities that operate the Binance platform with numerous violations […]

SEC Charges Investment Adviser with Defrauding Clients in Connection with Annuity Sales

(HedgeCo.Net) The SEC has announced charges against Massachusetts-based investment adviser Jeffrey Cutter and his advisory firm, Cutter Financial Group LLC (“CFG”), for recommending that their advisory clients invest in insurance products that paid Cutter a substantial up-front commission without adequately […]

SEC Proposes Rule Amendments to Modernize Beneficial Ownership Reporting

(HedgeCo.Net) The Securities and Exchange Commission has announced that it proposed rule amendments governing beneficial ownership reporting under Exchange Act Sections 13(d) and 13(g). The proposed amendments would update those rules to provide more timely information to meet the needs […]

Cloud Communications Company and Two Senior Executives Charged With Misleading Revenue Projections

(HedgeCo.Net) The Securities and Exchange Commission today charged a cloud communications company and two executives with providing misleading quarterly revenue estimates. The company and executives agreed to pay over $1.9 million in penalties to settle the SEC’s charges. According to […]

Investment Adviser and Two Former Managers Charged for Misleading Retail Clients

(HedgeCo.Net) The Securities and Exchange Commission has announced that New York-based investment adviser deVere USA, Inc. has agreed to pay an $8 million civil penalty related to its failure to disclose conflicts of interest to its retail clients. The settlement […]

SEC Charges 71 Municipal Issuers in Muni Bond Disclosure Initiative

(HedgeCo.Net) The Securities and Exchange Commission today announced enforcement actions against 71 municipal issuers and other obligated persons for violations in municipal bond offerings. The actions were brought under the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative, a voluntary self-reporting program […]

German court approves bailout fund, with conditions – eurozone crisis live

Guardian – Frank-Walter Steinmeier, leader of the opposition Social Democrats, has expressed his relief that the ESM now has the green light thanks to this morning’s ruling. Germany’s finance minister, Wolfgang Schäuble, has said that theEuropean Stability Mechanism could come into force […]

Live #OccupyWallStreet: Sunday Updates

Sunday 10/9/11 Day 23 There have been record sleep-ins. Numbers soon. CBS News correspondent Michelle Miller reported on “The Early Show on Saturday Morning,” demonstrations were held in more than a dozen cities, from Los Angeles to Richmond, Va., to […]