Category Archives: HedgeCoVest News
SEC Obtains Emergency Relief Freezing Assets and Halting an Alleged Ongoing Investment Advisory Fraud
(HedgeCo.Net) According to the SEC’s complaint, filed on September 30, 2021 in the United States District Court for the Central District of California, Ron Harrison fraudulently collected over $900,000 in performance and other fees from twenty-two clients since 2016. The […]
SEC Obtains Final Judgment Against Long Island Investment Professional Charged with Defrauding Investors
(HedgeCo.Net) The United States District Court for the Eastern District of New York has entered a final judgment against Steven Pagartanis, an East Setauket, New York resident whom the SEC alleged defrauded investors. The SEC’s complaint, filed May 30, 2018, […]
SEC Charges Investment Adviser, Affiliated Broker-Dealer and Their President for False and Misleading Statements and Omissions
(HedgeCo.Net) The Securities and Exchange Commission has charged Laguna Niguel, California-based TCFG Investment Advisors, LLC (TCFG), TCFG’s affiliated broker-dealer TCFG Wealth Management, LLC (TCFG Wealth), and Richard James Roberts – their CEO, president, and managing member – with making materially […]
SEC Charges Rogue Trader Who Bankrupted His Firm
(HedgeCo.Net) The Securities and Exchange Commission has charged Keith A. Wakefield, a former managing director and head of fixed income trading at IFS Securities, Inc., an Atlanta-based broker-dealer, with causing millions of dollars of losses through unauthorized trading in fixed […]
Webcast Host Charged for Role in Market Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Mark Melnick, the host of a stock trading webcast, for spreading more than 100 false rumors about public companies in order to generate illicit profits. The SEC previously charged Barton Ross for […]
SEC Charges Former Executives of Registered Investment Adviser with Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Robert D. Press, the former CEO of the advisory firm TCA Fund Management Group Corp., and Donna M. Silverman, TCA’s former chief portfolio manager, for their roles in the firm’s scheme to […]
Former IIIinois Investment Adviser Charged with Fraud for Misappropriating Client Funds
(HedgeCo.Net) The Securities and Exchange Commission has charged former Rockford, Illinois-area investment adviser Naseem Mohammed Salamah for allegedly defrauding his advisory clients out of nearly $1 million. According to the SEC’s complaint, filed in the U.S. District Court for the […]
SEC Charges Two Individuals for Wash Trading Scheme Involving Options of “Meme Stocks”
(HedgeCo.Net) The Securities and Exchange Commission has charged a Florida resident and his friend for engaging in a fraudulent scheme designed to collect liquidity rebates from exchanges by wash trading put options of certain “meme stocks” in early 2021. According […]
SEC Charges Two Companies and Their Principals with Misleading Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged Thomas Powell and Stefan Toth, and their entities, Resolute Capital Partners LTD LLC and Homebound Resources LLC, with making material misrepresentations and omissions in connection with more than a dozen unregistered oil […]
SEC Charges Investment Advisor with Defrauding Clients
(HedgeCo.Net) The Securities and Exchange Commission has filed a litigated action charging Michael F. Shillin, a resident of Appleton, Wisconsin, with defrauding at least 100 investment advisory clients. According to the SEC’s complaint, Shillin, while acting as an investment adviser, […]
SEC Obtains Judgment Against Fund Manager and Bars Him from Appearing or Practicing Before the SEC
(HedgeCo.Net) The United States District Court for the Southern District of New York has entered a final judgment against defendant Daniel B. Kamensky, whom the SEC previously charged with abusing his position as co-chair of the unsecured creditors committee in […]
SEC Charges Crowdfunding Portal, Issuer, and Related Individuals for Fraudulent Offerings
HedgeCo.Net) The Securities and Exchange Commission has charged three individuals and one issuer with conducting a fraudulent scheme to sell nearly $2 million of unregistered securities through two crowdfunding offerings. The SEC also charged the registered funding portal and its […]