Category Archives: HedgeCoVest News
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 […]
SEC Issues More than $17 Million Award to a Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission has announced an award of more than $17 million to a whistleblower who provided information and assistance in a covered action and related action. The whistleblower’s information prompted SEC staff to open a new […]
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 […]
CFTC Orders J.P. Morgan to Pay $850,000 for Swap Reporting Failures
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC, and J.P. Morgan Securities, plc (collectively, J.P. Morgan), provisionally registered swap dealers, for failing to comply […]
CFTC Orders J.P. Morgan to Pay $850,000 for Swap Reporting Failures
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC, and J.P. Morgan Securities, plc (collectively, J.P. Morgan), provisionally registered swap dealers, for failing to comply […]
SEC Charges Multiple Defendants with Operating Multi-Million Dollar Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Terry Nikopoulos of Aurora, Ontario, Canada and four entities he controlled, TKJ Investments Corp., TKJ Holdings Corp., Preeminent Trade Group Inc., and The Elyte Group Corp., and Justin R. Kimbrough of Plano, […]
Empires Consulting Corp. Charged with Fake Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against Empires Consulting Corp. (EmpiresX), its founders Emerson Sousa Pires and Flavio Mendes Goncalves, and its head trader Joshua David Nicholas, for a scheme that allegedly raised at least $40 […]
Ernst & Young to Pay $100 Million Penalty for Employees Cheating on CPA Ethics Exams and Misleading Investigation
(HedgeCo.Net) Largest Penalty Ever Imposed by SEC Against an Audit Firm The Securities and Exchange Commission has charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) […]