Category Archives: hedge-fund-research
Equiniti, formerly known as American Stock Transfer Charged after losing $6.6m in client funds
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against New York-based registered transfer agent Equiniti Trust Company LLC, formerly known as American Stock Transfer & Trust Company LLC, for failing to assure that client securities and funds were […]
Carl Icahn Charged with hiding billions in loans backed by IEP stock
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose information relating to Icahn’s pledges of IEP securities as collateral to secure personal margin […]
Russell Todd Burkhalter and His Atlanta-Firm Charged With $300 Million Ponzi Scheme
(Hedgeco.Net) The Securities and Exchange Commission today announced that it obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, Russell Todd Burkhalter, to halt a $300 million real estate […]
SEC Adopts Rules to Require Electronic Filing for Investment Advisers and Institutional Investment Managers
(HedgeCo.Net) The Securities and Exchange Commission has adopted amendments to require certain documents filed by investment advisers, institutional investment managers, and certain other entities to be filed or submitted electronically. The amendments also make technical amendments to modernize Form 13F […]
SEC Reopens Comment Period for Pay Versus Performance
(HedgeCo.Net) The Securities and Exchange Commission is reopening the comment period on proposed rules under the Dodd-Frank Act requiring disclosure of information reflecting the relationship between executive compensation actually paid by a company and the company’s financial performance. “If adopted, […]
SEC Obtains Emergency Relief Freezing Assets and Halting an Alleged Ongoing Investment Advisory Fraud
(HedgeCo.Net) According to the SEC’s complaint, filed on September 30, 2021 in the United States District Court for the Central District of California, Ron Harrison fraudulently collected over $900,000 in performance and other fees from twenty-two clients since 2016. The […]
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 […]
BlueCrest to Pay $170 Million to Harmed Fund Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced that UK-based investment adviser BlueCrest Capital Management Limited has agreed to pay $170 million to settle charges arising from inadequate disclosures, material misstatements, and misleading omissions concerning its transfer of top traders […]
SEC Issues Record $114 Million Whistleblower Award
(HedgeCo.Net) The Securities and Exchange Commission has announced an award of over $114 million to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions. The $114 million award consists of an approximately $52 […]
SEC Adopts Modernized Regulatory Framework for Derivatives Use by Registered Funds and Business Development Companies
(HedgeCo.Net) The Securities and Exchange Commission has voted to enhance the regulatory framework for derivatives use by registered investment companies, including mutual funds (other than money market funds), exchange-traded funds (ETFs) and closed-end funds, as well as business development companies. […]
SEC Charges Texas Company and Its Principal in Multi-Million Dollar Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission today has announced charges against a Texas company and its principal for unlawfully selling unregistered securities in connection with the previously charged Madison Timber Properties, LLC Ponzi scheme. The SEC’s complaint, filed in federal […]
Acquisition Advisor Charged with Insider Trading
(HedgeCo.Net) The U.S. District Court for the Central District of California entered a consent judgment against corporate deal advisor Rong Chen, who was charged by the Securities and Exchange Commission with insider trading. In September 2018, the SEC charged Chen, […]
