(HedgeCo.Net) The Securities and Exchange Commission has announced that it has agreed to resolve its insider trading claims against James V. Mazzo, the former Chairman and Chief Executive Officer of Advanced Medical Optics, Inc. (AMO) for allegedly tipping information about […]

(HedgeCo.Net) Richard G. Cody, a former investment adviser and broker representative whom the Securities and Exchange Commission charged with defrauding Massachusetts retirees, has pled guilty to criminal charges filed by the U.S. Attorney for the District of Massachusetts. According to […]

(HedgeCo.Net) The Securities and Exchange Commission charged Joseph Meli in January 2017 with fraud for running a Ponzi scheme. The SEC alleged that Joseph Meli raised money from investors to fund businesses purportedly created to purchase and resell tickets to […]

(HedgeCo.Net) The Securities and Exchange Commission has charged a stock research firm and its co-founders with defrauding investors by issuing reports purportedly based on “unbiased” and “not paid for” research when in reality they received thousands of dollars from issuers […]

(HedgeCo.Net) The Securities and Exchange Commission has charged an individual and seven corporate entities that he controlled with defrauding investors through the promotion and operation of a multimillion dollar Ponzi and pyramid scheme. The SEC alleges that Eric J. “EJ” […]

(HedgeCo.Net) The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities Inc. have agreed to pay $12 million to settle charges arising from ITG’s misstatements and omissions about the operation of the firm’s dark pool, […]

(HedgeCo.Net) The Securities and Exchange Commission today announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign […]

(HedgeCo.Net) The Securities and Exchange Commission charged a businessman and a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their money to fund personal expenses. The SEC’s complaint alleges that Robert A. Ferrante […]

(HedgeCo.Net) The Securities and Exchange Commission has charged a group of internet marketers who allegedly created and disseminated elaborate rags-to-riches videos to trick retirees and other retail investors into opening brokerage accounts and trading high-risk securities known as binary options. […]

(HedgeCo.Net) The Securities and Exchange Commission has charged a former registered representative and investment adviser in Altoona, Pennsylvania, with operating a long-running offering fraud. The SEC’s complaint alleges that Douglas P. Simanski raised over $3.9 million from approximately 27 of […]

(HedgeCo.Net) The Securities and Exchange Commission today announced that it has obtained a court order halting an ongoing fraud perpetrated by a registered stock broker and several companies he controlled. The SEC’s complaint alleges that Sean Kelly used his companies, […]