Category Archives: hedge fund rulings
SEC Invites Public Comment On Hedge Fund Advertising
New York (HedgeCo.Net) – SEC commissioners voted 4-1 to invite public comment for the proposed rules for the Jumpstart Our Business Startups Act or JOBS Act. Included is Rule 506 of Regulation D and Rule 144A of the Securities Act, which will eliminate […]
Nadel’s Hedge Fund Ponzi Scheme Victims Receive $25 Million Settlement
New York (HedgeCo.Net) – A case that has been pending for over three years, S.E.C. v. Arthur Nadel, has been somewhat resolved. Lead attorney at Wiand Guerra King P.L., Burton Wiand, who was appointed receiver for various entities associated with Arthur Nadel’s Ponzi scheme, […]
SEC Further Delays Repeal of Hedge Fund Advertising Restrictions
New York (HedgeCo.Net) – The SEC was expected today to repeal the ban on advertising, Title II of the JOBS Act, that was signed in to law by Obama on April 5th 2012. However the SEC has rescheduled it for a week […]
The Hedge Fund Industry Responds to the SEC Regarding the JOBS Act
New York (HedgeCo.Net) – AIMA, the global hedge fund industry association, has expressed support for the elimination of the ban on general solicitation and advertising by hedge fund managers in the US, but has said that only accredited investors should […]
Hedge Fund Jobs Act May Be Postponed
New York (HedgeCo.net) – The Investment Adviser Law Blog reports that the SEC may miss the deadline to adopt rules that would lift the ban on advertising and general solicitation by hedge funds and other private pooled investment vehicles, according […]
Two Cold-Callers Sentenced To Over 5 Years For $18 Million Hedge Fund Fraud
New York (HedgeCo.net) – William Shternfeld and Benjamin Koifman have been sentenced in a NY court to 63 months each in prison for participating in a conspiracy to defraud investors of more than $18 million through a fraudulent hedge fund, the […]
Sadis & Goldberg Alert: Hedge Fund SEC Filing Deadlines
New York (HedgeCo.net) – On October 31, 2011, the Securities and Exchange Commission (“SEC”) adopted new rules under the Commodity Exchange Act and the Investment Advisers Act of 1940 to implement provisions of Title IV of the Dodd-Frank Wall Street […]
Hedge Fund Securities Firm Wins $1.46 Arbitration Award Against WFG
New York (HedgeCo.net) – Hedge fund services company Esposito Securities won a $1.46 million FINRA arbitration award against $6.5 billion Dallas-based financial services firm WFG Investments, Inc. “We are very happy that the FINRA arbitration process was confirmed by the […]
