Category Archives: Insider Trading
SEC Charges R.R. Donnelley & Sons Co. with Cybersecurity-Related Controls Violations
(HedgeCo.Net) The Securities and Exchange Commission as announced that R.R. Donnelley & Sons Company (RRD), a global provider of business communication and marketing services, agreed to pay over $2.1 million to settle disclosure and internal control failure charges relating to […]
Terraform and Kwon to Pay $4.5 Billion Following Fraud Verdict
(HedgeCo.Net) The Securities and Exchange Commission has announced that Terraform Labs PTE, Ltd. and Do Kwon agreed to pay more than $4.5 billion following a unanimous jury verdict holding them liable for orchestrating a years-long fraud involving crypto asset securities […]
JAG Capital Advisors and its Founder Joshua Goltry Charged with Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged Joshua Goltry and his investment management firm, JAG Capital Advisors LLC (JAG Advisors), in connection with a three-year scheme to defraud investors of at least $3 million. According to the SEC’s complaint, […]
SEC Charges Three New Yorkers for Raising More Than $184 Million Through Pre-IPO Fraud Schemes
(HedgeCo.Net) The Securities and Exchange Commission has charged three individuals with fraud for selling unregistered membership interests in LLCs that purported to invest in shares of pre-IPO companies, first on behalf of StraightPath Venture Partners LLC, the subject of the […]
Arista Networks Founder Andy Bechtolsheim Charged with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Andreas “Andy” Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company Arista Networks, Inc. To settle the SEC’s charges, Bechtolsheim agreed to pay a civil penalty […]
SEC Charges NY Advisory Firm for Disclosure Failures Ahead of Ryder Acquisition Bid
(Hedgeco.Net) The Securities and Exchange Commission has settled charges against New York-based investment adviser HG Vora Capital Management LLC for its failure to make timely ownership disclosures in the lead-up to its May 2022 acquisition bid for trucking fleet company […]
Founder of American Bitcoin Academy Online Crypto Course Charged with Fraud Targeting Students
(HedgeCo.Net) The Securities and Exchange Commission has announced that Brian Sewell and his company, Rockwell Capital Management, agreed to settle fraud charges in connection with a scheme that targeted students taking Sewell’s online crypto trading course known as the American […]
Founder of $1.7 Billion “HyperFund” Charged in Alleged Crypto Pyramid Scheme and Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Xue Lee (aka Sam Lee) and Brenda Chunga (aka Bitcoin Beautee) for their involvement in a fraudulent crypto asset pyramid scheme known as HyperFund that raised more than $1.7 billion from investors […]
Northern Star SPAC Charged for Misrepresentations in its IPO-Related Disclosures
(HedgeCo.Net) The Securities and Exchange Commission has announced that Northern Star Investment Corp. II, a special purpose acquisition company (SPAC), has agreed to settle charges that it made misleading statements in forms filed with the SEC as part of its […]
Morgan Stanley To Pay $249 Million to settle Fraud Charges
(HedgeCo.Net) The Securities and Exchange Commission has charged investment banking giant Morgan Stanley & Co. LLC and the former head of its equity syndicate desk, Pawan Passi, with a multi-year fraud involving the disclosure of confidential information about the sale […]
J.P. Morgan to Pay $18 Million for Violating Whistleblower Protection Rule
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against J.P. Morgan Securities LLC (JPMS) for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed to pay an $18 […]
Future FinTech CEO Charged With Fraud and Disclosure Failures
(HedgeCo.Net) The Securities and Exchange Commission has charged Shanchun Huang with manipulative trading in the stock of Future FinTech Group Inc., using an offshore account shortly before he became Future FinTech’s CEO in 2020. The SEC also charged Huang with […]
