Category Archives: Insider Trading
SEC Charges CFO and Former Partner with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged the former Chief Financial Officer of pharmaceutical company Immunomedics, Inc. and his former romantic partner with insider trading in the company’s stock. According to the SEC’s complaint, while serving as CFO of […]
SEC Charges Three Canadian Citizens in Fraudulent Penny Stock Scheme
(Hedgeco.Net) The Securities and Exchange Commission has announced it charged three Canadian citizens with carrying out a fraudulent scheme involving penny stocks which generated tens of millions of dollars in proceeds but left investors with nearly worthless shares of various […]
SEC Obtains Judgments Against Bitconnect’s Promoter and Company for Antifraud Violations
(HedgeCo.Net) The United States District Court for the Southern District of New York has entered judgments against Glenn Arcaro and his company, Future Money Ltd., for the promotion of the BitConnect “lending program.” Arcaro previously pleaded guilty to Conspiracy to […]
SEC Obtains Default Judgment Against Recidivist Securities Fraudster
(HedgeCo.Net) The United States District Court for the Southern District of New York has entered a default judgment against Shamoon Omer Rafiq, a Dutch citizen residing in Singapore who was previously charged by the SEC with defrauding investors by offering […]
SEC Issues Whistleblower Nearly $5 Million Award
(HedgeCo.net) The Securities and Exchange Commission (SEC) has awarded nearly $5 million to a whistleblower who provided critical information and assistance that led to the success of a covered action. The whistleblower’s information helped the SEC to more quickly and […]
SEC Charges Two in Fraudulent Microcap Scheme
(HedgeCo.Net) The Securities and Exchange Commission charged two individuals for their participation in alleged fraudulent schemes involving unlawful microcap stock sales at the expense of unsuspecting retail investors. The SEC’s complaint alleges that, from 2016 through at least October 2020, […]
SEC Obtains Judgment Against Investment Professional Charged with IIIegal Trading Scheme
(HedgeCo.Net) The U.S. District Court for the Northern District of Texas entered a final judgment by consent against Guillaume David Boccara, a Dallas, Texas investment professional. The SEC had recently charged Boccara with engaging in a deceptive trading scheme in […]
SEC Charges Pharma CFO and Former Partner with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged the former Chief Financial Officer of pharmaceutical company Immunomedics, Inc. and his former romantic partner with insider trading in the company’s stock. According to the SEC’s complaint, while serving as CFO of […]
SEC Charges Swiss Trader in Two International Insider Trading Schemes
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Marc Demane Debih, a Swiss national, who generated at least $49 million in illicit profits in connection with his active participation in two multi-year insider trading schemes. The […]
SEC Obtains Final Judgment Against Trader in International Insider Trading Scheme
(HedgeCo.Net) The United States District Court for the Southern District of New York has entered a final consent judgment against Israeli citizen Dov Malnik in connection with his participation in a prolific insider trading scheme. To settle the charges against […]
SEC Charges Promoter with Conducting Cryptocurrency Investment Scams
(HedgeCo.Net) The Securities and Exchange Commission has announced that it charged Ryan Ginster of Corona, California with conducting two unregistered and fraudulent securities offerings that raised over $3.6 million in cryptocurrency from retail investors. The SEC’s complaint alleges that, from […]
SEC Issues Whistleblower Awards Totaling Approximately $10.4 Million
(HedgeCo.Net) The Securities and Exchange Commission has announced awards totaling approximately $10.4 million to several whistleblowers who provided information and assistance in three separate covered actions. In the first order, the SEC issued awards totaling approximately $7.5 million to two […]