Category Archives: HedgeCo News
SEC Charges Investment Advisory Firm and Firm’s Owner for Breaching Fiduciary Duties to Clients
(HedgeCo.Net) The Securities and Exchange Commission has Timothy Overturf of Arcata, California and his investment advisory firm Sisu Capital, LLC (Sisu Capital) for breaching their fiduciary duties to clients, including by making unauthorized and unsuitable trades in client accounts from […]
SEC Obtains Nearly Nine Million Dollar Final Judgment Against Vika Ventures LLC
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against defendant Vika Ventures LLC (“Vika”), which the SEC previously charged with fraudulently offering and selling securities of private companies that might hold an initial public offering (“IPO”). Vika […]
Colombian Conglomerate Grupo Aval and Its Bank Subsidiary to Pay $40 Million to Settle FCPA Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged Colombian conglomerate Grupo Aval Acciones y Valores S.A., aka Grupo Aval S.A., and its bank subsidiary, Corporación Financiera Colombiana S.A. (Corficolombiana), with violating the Foreign Corrupt Practices Act (FCPA). Grupo Aval, whose […]
Crypto Asset Trading Platform Bittrex Settles SEC Charges for Operating an Unregistered Exchange, Broker, and Clearing Agency
(HedgeCo.Net) The Securities and Exchange Commission has just announced that crypto asset trading platform Bittrex Inc. and its co-founder and former CEO, William Shihara, agreed to settle charges that they operated an unregistered national securities exchange, broker, and clearing agency. […]
11 Wall Street Firms Charged with Widespread Recordkeeping Failures and $289 Million in Fines
(HedgeCo.Net) The Securities and Exchange Commission files charges against 10 firms in their capacity as broker-dealers and one dually registered broker-dealer and investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic […]
Fund Administrator Charged For Missing Red Flags
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Theorem Fund Services LLC (TFS), a fund administrator based in Boca Raton, Florida, for failing to respond to red flags relating to a fraud against a private fund and its […]
SEC Charges Massachusetts Resident with $1.2 Million Offering Fraud and Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Brockton, Massachusetts resident Jose D. Rocha for running a Ponzi scheme in which he took approximately $1.2 million from 13 investors in the Cape Verdean community around the Boston area. […]
SEC Obtains Emergency Relief to Halt Utah-Based Company’s Crypto Asset Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced that it obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., a Draper, Utah based entity doing business as “DEBT Box,” as well as the company’s […]
Florida Investment Adviser Charged a Second Time for Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Charles Rustin Holzer, a family office executive and former broker who last year settled SEC charges that he traded in options of Dun & Bradstreet Corp. (DNB) on […]
New Jersey-Based ETF Manager Charged for Fraudulent Conduct and Bars Founder
(HedgeCo,Net) The Securities and Exchange Commission has charged Samuel Masucci and entities he founded and controls with disadvantaging an exchange traded fund (ETF) they managed and misleading the ETF’s trustees to obtain $20 million in rescue financing to avoid a […]
Hex Founder Charged with Misappropriating Millions of Dollars of Investor Funds from Unregistered Crypto Asset Securities that Raised more than $1 Billion
(HedgeCo.Net) The Securities and Exchange Commission has charged Richard Heart (aka Richard Schueler) and three unincorporated entities that he controls, Hex, PulseChain, and PulseX, with conducting unregistered offerings of crypto asset securities that raised more than $1 billion in crypto […]
New York Registered Representative at a Broker Dealer Charged with $2.4 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Clarice Saw, a former registered representative at a New York broker-dealer, for allegedly defrauding a customer of approximately $2.4 million. The SEC’s complaint alleges that between December 2021 and March […]
