Category Archives: Insider Trading
Hedge Fund Trader and Broker-Dealer Partner Charged in Multi-Million Dollar Spac Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a U.S. broker-dealer, for using nonpublic information in advance of […]
Hedge Fund Trader and Broker-Dealer Charged in Multi-Million Dollar SPAC Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a U.S. broker-dealer, for using nonpublic information in advance of […]
Binance and Its Founder, Changpeng Zhao, Charged with Willful Evasion of Federal Law and Operating an Illegal Derivatives Exchange
(HedgeCo.Net) The Commodity Futures Trading Commission today announced it has filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois charging Changpeng Zhao and three entities that operate the Binance platform with numerous violations […]
SEC Charges Three Sales Agents at StraightPath Venture Partners With Fraud and Unregistered Broker Activity
(Hedgeco.Net) The Securities and Exchange Commission has charged Scott Hollender, Gabriel Migliano, Jr., and Frank Vecchio for selling interests in shares of pre-IPO companies on behalf of StraightPath Venture Partners LLC, despite not being registered broker-dealers, and for misleading investors […]
Financial Adviser Charged for Misappropriating More Than $1 Million From Current, Former NBA Players
(HedgeCo.Net) The Securities and Exchange Commission has charged Darryl Matthew Cohen, a former investment adviser at a large financial institution, with misappropriating more than $1 million from three current and former NBA players over a period of two and a […]
SEC Obtains Final Judgment Against Former CFO Charged with Fraud and Lying to Auditors
(HedgeCo.Net) The U.S. District Court for the District of Maryland entered a final consent judgment against Philip R. Jacoby, a former Chief Financial Officer of biotech company Osiris Therapeutics, Inc., for his role in Osiris’s fraudulent conduct. The SEC’s complaint, […]
SEC Obtains Judgments and Bar Against Former Ozy Media Executives Charged in $50 Million Dollar Fraud
(HedgeCo.Net) The U.S. District Court for the Eastern District of New York has entered judgments by consent against the former COO of Ozy Media, Inc., Samir Rao, and its former Chief of Staff, Suzee Han, for their roles in defrauding […]
SEC Charges Investment Adviser with Defrauding Clients in Connection with Annuity Sales
(HedgeCo.Net) The SEC has announced charges against Massachusetts-based investment adviser Jeffrey Cutter and his advisory firm, Cutter Financial Group LLC (“CFG”), for recommending that their advisory clients invest in insurance products that paid Cutter a substantial up-front commission without adequately […]
SEC Charges Exiled Chinese Businessman Miles Guo and His Financial Advisor William Je in $850 Million Fraud Scheme
(Hedgeco.Net) The Securities and Exchange Commission has charged exiled Chinese businessman Miles Guo and his financial advisor William Je for their involvement in unregistered and fraudulent offerings that raised more than $850 million. According to the SEC’s complaint, since April […]
Court Issues Amended Final Judgment Against Penny Stock “Mailman” and His Two Companies
(HedgeCo.Net) The U.S. District Court for the Northern District of Alabama has issued an amended final judgment against Florida resident Brian Robert Sodi and two of his now-defunct companies, Capital Financial Media LLC (CFM) and List Data Solutions LLC (LDS), […]
SEC Obtains Judgment Against Individual in Multi-Million Dollar Securities Offering Fraud
(HedgeCo.Net) The United States District Court for the District of Massachusetts has entered a final judgment against Joshua Dax Cabrera ordering him to pay approximately $1,126,000 in disgorgement, prejudgment interest, and penalties in a securities offering fraud previously filed by […]
Software Company Blackbaud Inc. Charged for Misleading Disclosures About Ransomware Attack That Impacted Charitable Donors
(HedgeCo.Net) The Securities and Exchange Commission has announced that Blackbaud Inc., a South Carolina-based public company that provides donor data management software to non-profit organizations, agreed to pay $3 million to settle charges for making misleading disclosures about a 2020 […]
