Category Archives: Insider Trading
Unregistered Agent Charged With Improperly Soliciting Investments
(HedgeCo.Net) The SEC has filed a civil injunctive action against Chad Anthony Lewis, a Kentucky resident for unlawfully acting as an unregistered broker and selling unregistered investments in two oil and gas companies based in Texas. The SEC’s complaint, filed […]
Biotechnology Company, and CEO Charged with Illegal Sales of Stock and a Misleading Public Company Filing
(HedgeCo.Net) The Securities and Exchange Commission has charged Plandai Biotechnology, Inc., a penny stock company, and its Chairman and CEO with making illegal, unregistered sales of stock to unaccredited investors and with failing to adequately disclose that proceeds from sales […]
Michigan Investment Professional Charged in an Investment Scam Targeting His Brokerage Customers
dgeCo.Net)The Securities and Exchange Commission today charged a former registered representative with defrauding his brokerage customers out of nearly $4 million in a long-running investment scam. According to the SEC’s complaint, John C. Maccoll, who was affiliated with the Birmingham, […]
U.S. Congressman and Others Charged With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission today announced the filing of insider trading charges against Congressman Christopher Collins, the U.S. Representative for New York’s 27th Congressional District, his son, Cameron Collins, and a third individual, Stephen Zarsky. In a parallel […]
Cloud Communications Company and Two Senior Executives Charged With Misleading Revenue Projections
(HedgeCo.Net) The Securities and Exchange Commission today charged a cloud communications company and two executives with providing misleading quarterly revenue estimates. The company and executives agreed to pay over $1.9 million in penalties to settle the SEC’s charges. According to […]
SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has updated its list of unregistered firms that use misleading information to primarily solicit non-U.S. investors, adding 16 soliciting entities, four impersonators of genuine firms, and nine bogus regulators. The […]
Final Judgment Issued Against Research Scientist Charged with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against the research scientist who, according to the SEC, searched the internet for tips on avoiding the SEC’s detection before placing one of his illegal trades and made approximately […]
SEC Charges Former Corporate Officer for Insider Trading
(HedgeCo.Net) A former Senior Vice President at Sequenom, Inc. (“Sequenom”) has agreed to settle charges that he engaged in insider trading after tipping his friend about Laboratory Corporation of America Holding’s (“LabCorp”) bid to acquire Sequenom in a July 2016 […]
Arizona Man Charged With Misappropriating Investor Funds
(HedgeCo.Net) The Securities and Exchange Commission has charged David A. Harbour of Scottsdale, Arizona with making misrepresentations to investors and misappropriating over $1.5 million in investor funds to finance his personal lifestyle and pay off his debts. According to the […]
Former Director Of Regulatory Affairs Pleads Guilty To Insider Trading
(HedgeCo.Net) A federal court in Boston, Massachusetts has entered final judgment against the former senior director of regulatory affairs for Puma Biotechnology, Inc., who was charged with insider trading ahead of two company announcements regarding cancer drug trials. The SEC […]
SEC Charges Recidivist in Stock Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Howard M. Appel with manipulating the stocks of three microcap companies while on supervised release following his criminal conviction for a prior securities fraud. According to the SEC’s complaint, Appel orchestrated multiple […]
SEC Charges Analyst for Aiding & Abetting New York Pension Fund Pay-To-Play Scheme
(HedgeCo.Net) The Securities & Exchange Commission today filed a civil injunctive action against John A. Paulsen, a former managing director and fixed income research analyst at a registered broker-dealer, for aiding and abetting a pay-to-play scheme involving the New York […]