Category Archives: HedgeCo News
SEC Adopts Rule to Increase Transparency Into Short Selling
(HedgeCo.Net) The Securities and Exchange Commission has adopted new Rule 13f-2 to provide greater transparency to investors and other market participants by increasing the public availability of short sale related data. Congress directed the SEC in Section 929X of the Dodd-Frank […]
CFTC Awards Whistleblower Over $18 Million
(HedgeCo.Net) The Commodity Futures Trading Commission has awarded over $18 million to a whistleblower who provided detailed information and assistance in a CFTC enforcement action and in a related action by another agency. The whistleblower provided assistance to the Division […]
CFTC Charges Former CEO of Digital Asset Platform with Fraud
(HedgeCo.Net) The Commodity Futures Trading Commision has filed a complaint in the U.S. District Court for the Southern District of New York against Tennessee resident Stephen Ehrlich, the former chief executive officer of now-bankrupt entities Voyager Digital Ltd., Voyager Digital […]
CFTC Orders Three Financial Institutions to Pay Over $50 Million for Swap Reporting Failures
(HedgeCo.Net) The Commodity Futures Trading Commission has issued orders simultaneously filing and settling charges with affiliates of three financial institutions for a variety of swap dealer activities including failures related to swap data reporting and, in one case, failures related […]
CFTC Charges Trading Firm, CEO, and COO with $5 Million Forex Commodity Pool Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission today has filed a civil complaint in the U.S. District Court for the Eastern District of New York against Technical Trading Team, LLC (TTT), its Chief Executive Officer Edwin Carrion, formerly of Pinecrest, Florida, […]
SEC Files Subpoena Enforcement Action Against Elon R. Musk
(HedgeCo.Net) The Securities and Exchange Commission (“SEC”) has filed an application seeking an order directing Elon Musk (“Musk”) to comply with an investigative subpoena calling for his appearance for testimony, with which Musk failed to comply. If a person or […]
Cash Flow King Podcast Host Charged with Perpetrating $11 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Matthew Motil, host of the podcast, “The Cash Flow King,” for fraudulently raising approximately $11 million from more than 50 investors in a Ponzi scheme involving notes that were purportedly backed by […]
SEC Charges Agent Funds and Principals with Fraud and Registration Violations;
(HedgeCo.Net) The Securities and Exchange Commission has charged Pisces Income Fund, LLC, Pisces Income Fund Parallel, LLC, and their principals Shannon Westhead and Alec Vagnozzi; Capricorn Income Fund I, LLC, Capricorn Income Fund I Parallel, LLC, and their principal Albert […]
SEC Charges D. E. Shaw with $10m Penalty for Violating Whistleblower Protection Rule
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against New York-based registered investment adviser D. E. Shaw & Co., L.P. for raising impediments to whistleblowing by requiring employees to sign agreements prohibiting the disclosure of confidential corporate information to […]
International Accounting Firm Prager Metis Charged with Hundreds of Auditor Independence Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, (together, Prager) for violating auditor independence rules and for aiding and abetting their clients’ […]
AssetMark To Pay $18m for Failing to Disclose Multiple Financial Conflicts
(HedgeCo,Net) The Securities and Exchange Commission has announced that Concord, California-based registered investment adviser AssetMark Inc. has agreed to pay more than $18 million to settle charges related to undisclosed conflicts of interest involving a cash sweep program operated by […]
Bruderman Asset Management and its Principal Charged for Failing to Disclose Misuse of Investment Funds
(HedgeCo.Net) The Securities and Exchange Commission has announced that New York-based Bruderman Asset Management LLC (BAM) and its principal, Matthew J. Bruderman, agreed to settle charges related to their failure to disclose the misuse of proceeds raised from investment advisory […]
