Category Archives: Insider Trading
CFTC Charges New York Man in Multi-Million Dollar Digital Asset Ponzi Scheme Involving Bitcoin and Ether
(HedgeCo.Net) The Commodity Futures Trading Commission has filed a federal civil enforcement action in the U.S. District Court for the Southern District of New York charging Jeremy Spence of New York, with fraud for operating a Ponzi scheme involving digital assets such as […]
SEC Obtains Final Judgment Against Recidivist
(HedgeCo.Net) The Securities and Exchange Commission has announced that recidivist securities law violator Geoffrey Thompson agreed to a permanent, conduct-based injunction and to pay more than $540,000 to settle the SEC’s charges that he conducted illegal securities offerings. The U.S. […]
SEC Charges Fund Manager With Misappropriating Over $7 Million From Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged fund manager Eric C. Malley and his company MG Capital Management L.P. with defrauding retail investors in two real estate funds managed by MG Capital. According to the SEC’s complaint, beginning in […]
SEC Obtains Emergency Relief Freezing Assets and Halting an Alleged Ongoing Fraud
(HedgeCo.Net) The Securities and Exchange Commission has obtained an emergency court order freezing assets of a San Juan Capistrano, California-based company and its founder, who allegedly were carrying out an ongoing investment fraud. According to the SEC’s complaint, filed on […]
SEC Issues Over $1.1 Million to Multiple Whistleblowers
(HedgeCo.Net) The Securities and Exchange Commission has announced awards totaling more than $1.1 million to five whistleblowers who provided high-quality information that led to successful enforcement actions. In the first order, the SEC awarded three whistleblowers almost $500,000 in connection […]
SEC Obtains Final Judgment Against Investment Adviser Who Misappropriated Over $5 Million from Clients
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a final consent judgment against Barry F. Connell, who was previously charged with investment adviser fraud for having misappropriated client funds. According to the SEC’s complaint, […]
SEC Charges Long Island City Man with Trading and Tipping Others as Part of Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Jason Peltz of Long Island City, New York with insider trading ahead of a media report about the potential acquisition of chemical manufacturer Ferro Corp. that caused the company’s stock price to […]
Federal Court Orders North Carolina Man to Pay Over $255,000 in Futures and Forex Fraud Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission today announced that Judge Max O. Cogburn Jr., of the U.S. District Court for the Western District of North Carolina, has entered a consent order against Mark N. Pyatt, of North Carolina,imposing a permanent […]
SEC Charges Former Consultant for RIA in IIG’s Alleged Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Charles Samel, a former consultant for former registered investment adviser International Investment Group LLC (IIG), for his role in an alleged fraud conducted by IIG to cover up tens of millions of […]
SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital […]
SEC Charges Company and CEO for $119 Million Securities Fraud Targeting Members of the South Asian American Community
(HedgeCo.Net) The Securities and Exchange Commission today announced that it filed an emergency action against California-based real estate development company SiliconSage Builders LLC, aka Silicon Sage Builders, and its sole owner, Sanjeev Acharya, in connection with an alleged $119 million fraudulent […]
Federal Court Orders Interdealer Broker to Pay $7 Million for Deceptive Trading Practices in the FX Options Markets
(HedgeCo.Net) The Commodity Futures Trading Commission today announced the U.S. District Court for the Southern District of New York entered a consent order against defendants TFS-ICAP LLC and TFS-ICAP Ltd., interdealer brokers located in New York and London, requiring them […]