Category Archives: Insider Trading
SEC Halts Alleged Insider Trading Ring Spanning Three Countries
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against an IT contractor and two others he illegally tipped with confidential client information he stole while working in the Singapore branch of an investment bank. The SEC obtained […]
SEC Charges Owner of Options Trading Website for Defrauding Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission Tuesday charged Mark Suleymanov of Glen Cove, New York with engaging in an online binary options scheme that defrauded retail investors out of approximately $4 million. The SEC’s complaint alleges that from at least […]
Three Florida Residents Charged With Orchestrating a Fraudulent Public Shell Company Scheme
(HedgeCo.Net) Fraud charges have been filed against a Florida-based CPA, a former broker, and his spouse, for their roles in a fraudulent scheme involving the creation and sale of a public shell company and false regulatory filings to facilitate the […]
SEC Charges Kentucky Man for Role in Nationwide Oil Investment Scheme
(HedgeCo.Net) The Securities and Exchange Commission charged a 35-year-old Kentucky man for his role in a scheme that resulted in the fraudulent offering and sale of at least $15 million of securities to more than 150 investors. The SEC’s complaint […]
Additional Charges in New York Boiler Room Scheme Targeting Seniors
(HedgeCo.Net) The latest charges allege that First Choice Healthcare Solutions Inc. CEO Christian Romandetti, the boiler room, and four others, manipulated the company’s shares generating more than $3.3 million of illegal profits and more than $560,000 in kickbacks for Romandetti. […]
Self-Described Penny Stock Promoter Charged With Microcap Market Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission today charged a self-described penny stock promoter and an entity he controlled with orchestrating a scheme to manipulate trading in at least 97 microcap stocks. According to the SEC’s complaint, Eric Landis of Charlottesville, […]
SEC Obtains Final Judgement Against Steven A. Newman
(HedgeCo.Net) the Honorable Nicholas G. Garaufis of the United States District Court for the Eastern District of New York has entered a final judgment against defendant Steven A. Newman. The final judgment imposes on Newman a permanent injunction against future […]
SEC Cracks Alleged Investment Scheme That has Defrauded Hundreds of Investors in Several States.
(HedgeCo.Net) The SEC alleges that Gaylen D. Rust and his company Rust Rare Coin, Inc. (RRC) are engaged in an ongoing investment scheme involving a purported silver trading program. Through this scheme, Rust and RRC have allegedly raised over $85 […]
Investment Adviser, Pleads Guilty To Criminal Fraud Charges
(HedgeCo.Net) Kimberly Kitts, a Cape Cod-area investment adviser, pleaded guilty to criminal charges filed by the U.S. Attorney for the District of Massachusetts. Kitts admitted to investment adviser fraud, wire fraud and aggravated identity theft in connection with stealing over […]
Final Judgment Against Former Investment Adviser Charged With Misappropriating Client Funds.
The Securities and Exchange Commission has announced a final judgment against Cornelius Peterson, a former investment adviser at a large financial institution who was charged with misappropriating client funds. On January 31, 2018, the Commission filed a complaint in the […]
SEC Charges Giga Entertainment Media, Former Officers and Directors With Fraud in Pay-For-Download Campaign
(HedgeCo.Net) The Securities and Exchange Commission today charged Giga Entertainment Media Inc. and five of its former officers and directors—Gary Nerlinger, Jarret Streiner, Lawrence Silver, Alfred Colucci, and Charles Noska—with fraud in connection with a scheme to mislead investors. According […]
SEC Brings Additional Charges in New York Boiler Room Scheme Targeting Seniors
(HedgeCo.Net) The Securities and Exchange Commission today brought additional charges against a Long Island, New York-based boiler room previously sued for defrauding elderly and unsophisticated investors. The latest charges allege that First Choice Healthcare Solutions Inc. CEO Christian Romandetti, the […]