Category Archives: HedgeCo News
CFTC Orders Six Financial Institutions to Pay Total of More Than $6 Million for Reporting Failures
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission today announced that it issued orders yesterday against HSBC Bank USA, N.A., Société Générale International Limited, The Northern Trust Company, NatWest Markets Plc, The Bank of New York Mellon, and PNC Bank, National […]
CFTC Orders Interdealer Brokers to Pay $25 Million for Fraud in FX Options Markets
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission announced today that it issued orders filing and settling charges against two interdealer brokers: BGC Financial, LP and GFI Securities, LLC. The orders find that brokers employed by BGC and GFI on their […]
Blockchain Company Ordered to Pay $24 Million Penalty for Unregistered ICO
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against blockchain technology company Block.one for conducting an unregistered initial coin offering of digital tokens (ICO) that raised the equivalent of several billion dollars over approximately one year. The company […]
Two BMO Advisory Firms Pay Over $37 Million to Harmed Clients for Failing to Disclose Conflicts of Interest
(HedgeCo.Net) The Securities and Exchange Commission today announced that two BMO advisers have agreed to pay over $37 million to settle charges regarding their failure to tell clients about certain aspects of how the advisers selected investments in their retail […]
SEC Charges Three Individuals with Deceiving Main Street Investors Through the Sale of Binary Options
(HedgeCo.Net) The Securities and Exchange Commission has charged three foreign individuals, Gil Beserglik, Raz Beserglik and Kai Christian Petersen, with deceiving U.S. investors, including vulnerable retirees, and causing them to lose tens of millions of dollars through fraudulent, online sales […]
Comscore Inc. and Former CEO Charged with Accounting and Disclosure Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged global information and media analytics firm, Comscore, Inc., and its former CEO with engaging in a fraudulent scheme to overstate revenue by approximately $50 million and making false and misleading statements about […]
CFTC Charges Former Head of International Binary Options Scheme with $10 Million Fraud
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has filed a civil enforcement action in the U.S. District Court for the Northern District of Ohio, charging Jared J. Davis of Ohio with fraud relating to a global binary options business he […]
TMC Bonds Charged With Failing to Protect Confidential Subscriber Information
(HedgeCo.Net) The Securities and Exchange Commission today announced that TMC Bonds LLC, operator of an alternative trading system (ATS) for fixed income securities, has agreed to pay $2.1 million to settle charges arising from TMC Bonds’ failure to protect confidential […]
SEC Charges Nissan, Former CEO, and Former Director with Fraudulently Concealing from Investors More than $140 Million
(HedgeCo.Net) The Securities and Exchange Commission today filed settled fraud charges against Nissan, its former CEO Carlos Ghosn, and its former director Greg Kelly related to false financial disclosures that omitted more than $140 million to be paid to Ghosn […]
SEC Adopts New Rules and Amendments under Title VII of Dodd-Frank
(HedgeCo.Net) The Securities and Exchange Commission has announced that it took a significant step toward establishing the regulatory regime for security-based swap dealers by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Wall Street […]
CFTC Charges Trader and his Company with $7 Million Fraud
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has announced the filing of a civil enforcement action in the U.S. District Court for the Eastern District of Virginia charging Tate Street Trading, Inc. of Richmond, Va. and Leonard J. Cipolla of […]
SEC Halts Alleged $125 Million Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against three individuals and three entities in connection with an alleged fraudulent, ongoing international trading program […]