Category Archives: Insider Trading
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 […]
Florida Resident Charged with Operating $35 Million Ponzi Scheme Targeting Church Members
(HedgeCo.Net) The Securities and Exchange Commission has charged Brent Seaman of Naples, Florida, and various entities he managed for fraudulently raising approximately $35 million from at least 60 investors through an unregistered securities offering. Many of these investors were elderly, […]
CFTC Charges Tennessee Couple for Operating a $6 Million Digital Assets Commodity Pool Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has filed a complaint in the U.S. District Court for the Middle District of Tennessee against Michael and Amanda Griffis of Clarksville, Tennessee. The complaint charges the defendants with defrauding over 100 people across […]
SEC Charges Former Pfizer Statistician with Insider Trading Ahead of Covid-19 Announcement
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Amit Dagar, a former Pfizer Inc. employee, and his close friend and business partner, Atul Bhiwapurkar, for trading in advance of the company’s November 5, 2021, announcement that […]
North Carolina Resident Charged for Conducting Fraudulent and Unregistered Offerings of Crypto Asset Securities
(HedgeCo.Net) The Securities and Exchange Commission has charged Alexander Elbanna and three entities that he owned and controlled with engaging in a fraudulent scheme involving unregistered offers and sales of crypto asset securities called “DWE” and “BPC.” The SEC also […]
SEC Obtains Final Judgment Against Operator of Multi-Million Dollar Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced the resolution of its case against Ryan Morgan Evans, the last remaining defendant in the SEC’s action arising out of a multi-million-dollar Ponzi and pyramid scheme and offering fraud known as “Saivian.” […]
