Monthly Archives: August 2022
18 Defendants Charged in International Scheme to Manipulate Stocks Using Hacked US Brokerage Accounts
(HedgeCo.Net) The Securities and Exchange Commission has charged 18 individuals and entities for their roles in a fraudulent scheme in which dozens of online retail brokerage accounts were hacked and improperly used to purchase microcap stocks to manipulate the price […]
Former Platinum Partners hedge fund manager convicted of fraud
(Hedgeweek) Daniel Small, a former portfolio manager at Platinum Partners has been found guilty of securities fraud and conspiracy by a federal jury in Brooklyn – the fourth conviction of a former executive at the one-time $1.7 billion hedge fund, […]
Point72’s Cohen to launch crypto asset manager
(Hedgeweek) Steve Cohen, the billionaire behind hedge fund boss of Point72 Asset Management, is planning to set up a crypto-specific asset manager, according to a report by Blockworks. To read this article:
Stock futures slightly down after notching gains Monday
(CNBC) U.S. stock futures were slightly down Tuesday morning after all three major averages gained during the daily trading session. Dow Jones Industrial Average futures were flat. On Monday, the 30-stock index closed above its 200-day moving average for the […]
Hedge fund litigation funding attracts SEC attention
(Hedgeweek) Private funds, including hedge funds, could be made to report their spending on litigation finance under new rules proposed by the US Securities & Exchange Commission (SEC), according to a report by Bloomberg. To read this article:
SEC Charges Broker-Dealer and Two Employees with Engaging in Unauthorized Securities Transactions
(HedgeCo.Net) The Securities and Exchange Commission has charged broker-dealer Alpine Securities Corporation, its former Chief Executive Officer Christopher Doubek, and its current Chief Operations Officer Joseph Walsh with engaging in a series of unauthorized securities transactions. According to the SEC’s […]
Melvin Capital under investigation by the SEC
(Hedgeweek) Risk controls and investor disclosures at Melvin Capital Management are being investigated by the US Securities and Exchange Commission (SEC) following the fund’s mauling during last year’s meme-stock frenzy, according to a report by Reuters. To read this article:
Stock futures fall slightly ahead of a big retail earnings week
(CNBC) U.S. equity futures were slightly lower Monday morning after some positive inflation data helped advance all of the major indexes and ahead of a big earnings week for retailers. Futures tied to the Dow Jones Industrial Average fell 65 […]
Cloud stocks are rallying after a punishing start to the year as 2022 outlook brightens
(CNBC) Investors looking to get into beaten-down cloud stocks at bargain basement prices may have missed their opportunity. Scanning the cloud software market, which tanked to start the year, numerous stocks have jumped 50% from their lows. The WisdomTree Cloud […]
Tesla hedging: New ETF gears up to attract hesitant investors
(CNBC) Risk-averse investors have a new option to make safer bets on Tesla. Innovator ETFs launched the Innovator Hedged TSLA Strategy ETF (TSLH) – among other defined outcome products – last month. According to the ETF’s CEO Bruce Bond, it gives […]
Hedge funds lead charge into stocks
(Hedgeweek) Hedge funds led a charge by professional investors to unwind bearish wagers and snap up stocks last week, as the S&P 500 saw a 2% gain To read this article:
Angel Oak Capital Advisors Charged with Misleading Investors in $90 Million Fix-and-Flip Securitization
(HedgeCo.Net) The Securities and Exchange Commission has charged Atlanta-based Angel Oak Capital Advisors, LLC and its portfolio manager Ashish Negandhi for misleading investors about the firm’s fix-and-flip loan securitization’s delinquency rates. Angel Oak and Negandhi have agreed to settle charges […]
