Category Archives: hedge-fund-research
SEC Issues $17 Million Whistleblower Award
(HedgeCo.NET) The Securities and Exchange Commission today announced a whistleblower award of more than $17 million to a former company employee whose detailed tip substantially advanced the agency’s investigation and ultimate enforcement action. The award is the second-largest issued by […]
SEC: Morgan Stanley Failed to Safeguard Customer Data
(HedgeCo.Net) The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney LLC has agreed to pay a $1 million penalty to settle charges related to its failures to protect customer information, some of which was hacked and offered […]
Childhood Friends Charged With Insider Trading in Pharmaceutical Stocks
(HedgeCo.NET) The Securities and Exchange Commission today charged two Rhode Island men with insider trading in the securities of deal targets being pursued by the pharmaceutical company where one of them worked. The SEC alleges that Michael J. Maciocio obtained […]
SEC: Forex Trader Misrepresented Track Record and Hid Massive Losses
(HedgeCo.Net) — The Securities and Exchange Commission today charged a New York City-based trader with defrauding investors out of millions of dollars by misrepresenting her investment track record, the profitability of her investments, and her use of investor funds. The […]
SEC Charges Connecticut-Based Investment Adviser for Failure to Disclose Fees to Clients
(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against Connecticut-based investment adviser Momentum Investment Partners LLC (doing business as Avatar Investment Management), and one of its principals, Ronald J. Fernandes, for failing to disclose to some of Avatar’s […]
Adviser Steered Investor Money to His Own Companies
(HedgeCo.Net) The Securities and Exchange Commission today charged a North Carolina-based investment adviser with defrauding investors by secretly steering portions of real estate-related investments into deals with companies that he owned or operated himself. The SEC alleges that Richard W. […]
Calderwood Launch Brings New Independent Director Firm to Cayman Islands
(HedgeCo.Net) Ushering in a new benchmark for fund governance in the Cayman Islands, Calderwood has officially launched and is now open for business, providing experienced independent directors to a range of investment vehicles. Calderwood has been formed by Ronan Guilfoyle […]
Brokerage Firm Charged With Anti-Money Laundering Failures
(HedgeCo.Net)— The Securities and Exchange Commission today charged a Wall Street-based brokerage firm with failing to sufficiently evaluate or monitor customers’ trading for suspicious activity as required under the federal securities laws. An SEC investigation found that Albert Fried & […]
Private Equity Fund Adviser Acted As Unregistered Broker
(HedgeCo.Net) The Securities and Exchange Commission today announced that a Maryland-based private equity fund advisory firm and its owner have agreed to pay more than $3.1 million to settle charges that they engaged in brokerage activity and charged fees without […]
Nashville Firm Allegedly Schemed to Collect Extra Fees From Hedge Funds
(HedgeCo.Net) — The Securities and Exchange Commission today charged a Nashville, Tenn.-based investment advisory firm and its owner with scheming to collect extra monthly fees from a pair of hedge funds they managed. Examiners in the SEC’s Atlanta office detected […]
SEC Offers Online Tool to Help Companies Estimate Registration Fees
(HedgeCo.Net) A new online tool may help firms calculate registration fees for certain form submissions to EDGAR, the SEC’s electronic database of financial reports and other filings. The new tool is intended to improve the accuracy of fee calculations and […]
Financial Adviser Charged with Defrauding Pro Athletes
(HedgeCo.Net) A Pittsburgh financial adviser is accused of taking money without permission from the accounts of several professional athletes in order to invest in movie projects and make Ponzi-like payments. SEC examiners uncovered unauthorized withdrawals that Louis Martin Blazer III […]
