Category Archives: HedgeCoVest News
SEC Charges Call Center Operators in $58 Million Penny Stock Scheme
(HedgeCo.Net)The Securities and Exchange Commission has announced fraud charges against five individuals for allegedly operating a call center in Medellin, Colombia, which used high pressure sales tactics and made false and misleading statements to retail investors to convince them to […]
SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors
(HedgeCo.Net) The Securities and Exchange Commission has proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact […]
SEC Charges Former Financial Adviser with Misappropriating Investor Funds
(HedgeCo.Net) The U.S. Securities and Exchange Commission has charged a former New Jersey broker and investment adviser representative with misappropriating at least $680,000 from his advisory clients and brokerage customers, some of whom were elderly or suffering from memory loss. […]
SEC Obtains Judgment Against Former Registered Investment Adviser for Defrauding Retail Investors
(HedgeCo.Net) The U.S. District Court for the Southern District of Ohio has entered a final judgment against Scott Allen Fries, a former Ohio-based registered representative and investment adviser representative at a large, SEC-registered broker-dealer and investment adviser, for defrauding at […]
Texas School District and its Former CFO Charged with Fraud in $20 Million Bond Sale
(HedgeCo.Net) The Securities and Exchange Commission has charged Crosby Independent School District (Crosby ISD) and its former Chief Financial Officer, Carla Merka, with misleading investors in the sale of $20 million of municipal bonds in order to pay its outstanding […]
SEC Charges Call Center Operators in $58 Million Penny Stock Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against five individuals for allegedly operating a call center in Medellin, Colombia, which used high pressure sales tactics and made false and misleading statements to retail investors to convince them […]
SEC Proposes Rules on Cybersecurity Risk Management, Strategy, and Incident Disclosure by Public Companies
(HedgeCo.Net) The Securities and Exchange Commission is proposing new amendments to its rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting by public companies. “Over the years, our disclosure regime has evolved to reflect […]
Siblings Charged in $124 Million Crypto Fraud Operation that included Misleading Roadshows, YouTube Videos
(HedgeCo.Net) The Securities and Exchange Commission has charged siblings John and JonAtina (Tina) Barksdale with defrauding thousands of retail investors out of more than $124 million through two unregistered fraudulent offerings of securities involving a digital token called “Ormeus Coin.” […]
RIA City National Rochdale to Pay More Than $30 Million for Undisclosed Conflicts of Interest
(HedgeCo.Net) The Securities and Exchange Commission has announced that registered investment adviser City National Rochdale, LLC (CNR) has agreed to pay more than $30 million to settle charges that its undisclosed conflicts of interest defrauded current and prospective clients. The […]
Investment Adviser and Its Principal Charged with Conducting a Fraudulent “Cherry-Picking” Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against Rehoboth Beach, Delaware-based Bell Rock Capital, LLC, and its principal, M. Cassandra Toroian, for operating a multi-year cherry-picking scheme that defrauded Bell Rock clients. The SEC’s complaint alleges that from […]
SEC Proposes Increased Reporting on Short Positions
(HedgeCo.Net) The Securities and Exchange Commission has voted to propose changes that would provide greater transparency to investors and regulators by increasing the public availability of short sale related data. New Exchange Act Rule 13f-2 and the corresponding Form SHO […]
Delaware Investment Adviser and Its Principal Charged with Conducting a Fraudulent “Cherry-Picking” Scheme
(HedgeCo.Net) The Securities and Exchange Commission today filed charges against Rehoboth Beach, Delaware-based Bell Rock Capital, LLC, and its principal, M. Cassandra Toroian, for operating a multi-year cherry-picking scheme that defrauded Bell Rock clients. The SEC’s complaint alleges that from […]