Category Archives: HedgeCoVest News
SEC Obtains Emergency Relief, Charges Investment Adviser and Its Principal with Operating $110 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action to stop a fraudulent Ponzi scheme allegedly perpetrated by Marietta, Georgia resident John Woods and two entities he controls: registered investment adviser Livingston Group Asset Management Company, d/b/a Southport […]
SEC Charges Investment Adviser, Others with Fraud in Offering of Promissory Notes
(HedgeCo.Net) The Securities and Exchange Commission has charged registered investment adviser Fusion Analytics Investment Partners, LLC (FAIP) and its CEO Michael J. Conte with breaches of fiduciary duty and, along with Fusion Analytics Holdings, LLC (Fusion Holdings), with fraud in […]
Investment Professional Charged by SEC Sentenced to Three Years in Prison
(HedgeCo.Net) Marcus Boggs, whom the SEC charged in August 2019 with stealing more than $1.7 million from at least three of his investment advisory clients, was sentenced in a parallel criminal case to 42 months in prison. The criminal charges […]
Investment Adviser Charged with Operating a Fraudulent Scheme and Misappropriating $58-Million
(HedgeCo.Net) The Securities and Exchange Commission charged a San Antonio, Texas-based investment adviser with operating a years-long fraudulent scheme that raised approximately $58 million from nearly 300 investors in two investment funds. The SEC’s complaint alleges that Robert J. Mueller […]
SEC Charges Netflix Insider Trading Ring
(HedgeCo.Net) The Securities and Exchange Commission has announced insider trading charges against three former Netflix Inc. software engineers and two close associates who generated over $3 million in total profits by trading on confidential information about Netflix’s subscriber growth. According […]
Investment Adviser and Associates charged with Causing Violations of Regulation SHO
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Murchinson Ltd.; its principal, Marc Bistricer; and its trader, Paul Zogala (the respondents), for providing erroneous order-marking information that caused executing brokers to violate Regulation SHO. In addition, Murchinson and […]
SEC Obtains Emergency Relief, Charges Two Florida Companies with Operating a Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action and obtained a temporary restraining order, an asset freeze, and the appointment of a receiver to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Coral […]
Court Order Issued to Stop Investment Adviser’s Alleged Ongoing Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has issued an emergency action against Martin A. Ruiz of New York, and two entities he controls, Carter Bain Wealth Management, LLC (Carter Bain) and RAM Fund, LP (RAM). Shortly after filing the complaint, […]
SEC Issues Nearly $6 Million in Whistleblower Awards
(HedgeCo.Net) The Securities and Exchange Commission has announced awards of nearly $6 million to two whistleblowers who provided information and assistance in separate enforcement proceedings. In the first order, the SEC awarded more than $3.5 million to a whistleblower who […]
BitMEX to Pay $100 Million for Illegally Operating a Cryptocurrency Trading Platform
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that the U.S. District Court for the Southern District of New York entered a consent order against five companies charged with operating the BitMEX cryptocurrency derivatives trading platform. The companies are HDR Global […]
Investment Adviser Charged With Defrauding Members of His Religion
(HedgeCo.Net) The Securities and Exchange Commission has charged Westchester County, New York-based investment adviser Evarist C. Amah with engaging in a years-long scheme to defraud fellow members of his religion, the Grail Movement. The SEC’s complaint alleges that, from April […]
Poloniex to pay $10 million to settle charges for operating an unregistered online digital asset exchange
(HedgeCo.Net) The Securities and Exchange Commission today announced that Poloniex LLC has agreed to pay more than $10 million to settle charges for operating an unregistered online digital asset exchange in connection with its operation of a trading platform that […]