Category Archives: HedgeCo News
NBA Hall of Famer Paul Pierce Charged For Unlawfully Touting and Making Misleading Statements about Crypto Security
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against former NBA player Paul Pierce for touting EMAX tokens, crypto asset securities offered and sold by EthereumMax, on social media without disclosing the payment he received for the promotion and […]
SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes
(HedgeCo.Net) The Securities and Exchange Commission has charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities. According to the SEC’s complaint, […]
SEC Proposes Enhanced Safeguarding Rule for Registered Investment Advisers
(Hedgeco.Net) The Securities and Exchange Commission has proposed rule changes to enhance protections of customer assets managed by registered investment advisers. If adopted, the changes would amend and redesignate rule 206(4)-2, the Commission’s custody rule, under the Investment Advisers Act […]
SEC Charges Former CEO of Slync in $67 Million Offering Fraud
(HedgeCo.Net) Defendant Kirchner allegedly misappropriated more than $28 Million of Investor Proceeds to Fund His Lavish Lifestyle. The Securities and Exchange Commission has charged Christopher S. Kirchner, the co-founder and former CEO of Slync, Inc., a privately-held Texas-based software company, […]
Kraken to Discontinue Unregistered Offer and Sale of Crypto Asset Staking–and Pay $30 Million to Settle SEC Charges
(HedgeCo.Net) The Securities and Exchange Commission has charged Payward Ventures, Inc. and Payward Trading Ltd., both commonly known as Kraken, with failing to register the offer and sale of their crypto asset staking-as-a-service program, whereby investors transfer crypto assets to […]
Las Vegas Resident Charged in Crypto Fraud Targeting Filipino Community in California
(HedgeCo.Net) The Securities and Exchange Commission has charged Las Vegas, Nevada resident Emiliano S. Ryn and his company GexCrypto Corp. with defrauding members of the Filipino community in a scheme involving crypto assets. According to the SEC’s complaint filed in […]
Kraken to Discontinue Unregistered Sale of Crypto Asset Staking and Pay $30 Million to Settle SEC Charges
(HedgeCo.Net) The Securities and Exchange Commission has charged Payward Ventures, Inc. and Payward Trading Ltd., both commonly known as Kraken, with failing to register the offer and sale of their crypto asset staking-as-a-service program, whereby investors transfer crypto assets to […]
Former Convicted Felon to Pay $24 Million to Settle SEC Charges for Operating a Ponzi and Pyramid Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced the resolution of its fraud action against Eric J. “EJ” Dalius and the business he owned, Saivian LLC. Dalius and Saivian LLC have agreed to pay $24 million in disgorgement, prejudgment interest […]
SEC Charges Investment Adviser with Multi-Million Dollar Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Joshua W. Coleman, resident of North Wales, Pennsylvania and former investment adviser, for perpetrating a fraudulent scheme that yielded him over $200 million in illicit loan proceeds. According to the SEC’s complaint, […]
Activision Blizzard to Pay $35 Million for Failing to Maintain Disclosure Controls and Violating Whistleblower Protection Rule
(HedgeCo.Net) The Securities and Exchange Commission has announced that Activision Blizzard Inc., a video game development and publishing company, agreed to pay $35 million to settle charges that it failed to maintain disclosure controls and procedures to ensure that the […]
SEC Charges Nevada-Based Investment Adviser for Conducting Fraudulent “Cherry-Picking” Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Steve Susoeff, LLC (dba Meritage Financial Group), a Henderson, Nevada-based investment adviser, and Steven J. Susoeff, its sole owner and principal, for conducting a cherry-picking scheme that defrauded their clients. According to […]
SEC Obtains Final Judgment Against Defendant for Role in Offering Fraud
(HedgeCo.Net) The United States District Court for the Eastern District of New York has entered a final consent judgment against New Jersey resident Walter Gil de Rubio for his role in a scheme that defrauded approximately 80 investors of over […]
