Category Archives: Uncategorized
Barclays ramps up hedge fund lending in Asia
(Hedgeweek) Barclays Plc is tapping an increasing appetite from Asia-based quantitative and multi-strategy hedge funds for prime financing services and has upped its lending for investment trades as a result, according to a report by Bloomberg. To read this article:
Investors lose billions as stock hedge funds tank again in 2022
(Hedgeweek) A number of once-high-flying stock hedge funds have racked up a second consecutive year of losses erasing billions of dollars of clients’ wealth in the process, according to a report by Bloomberg. To read this article:
SEC Obtains Final Judgment Against Arizona Man for Defrauding Elderly Investors
(HedgeCo.Net) The U.S. District Court for the District of Arizona has entered final judgment by default against Conrad Coggeshall in a previously-filed SEC case that alleged Coggeshall fraudulently raised $700,000 from elderly investors. According to the complaint, Coggeshall told investors […]
Summary Judgment Granted Against New Hampshire Issuer of Crypto Asset Securities for Registration Violations
(HedgeCo.Net) Judge Peter Barbadoro of the United States District Court for the District of New Hampshire has granted the SEC’s motion for summary judgment against LBRY, Inc., a New Hampshire software company that issued crypto asset securities called “LBRY Credits” […]
Final Judgment Entered Against Former Microcap CEO
(HedgeCo.Net) The United States District Court for the Eastern District of New York has entered a final consent judgment against Mark Goldberg, a resident of Middle Village, New York, and the former CEO of In Ovations Holdings, Inc. The SEC’s […]
SEC Obtains Default Judgment Against IIIinois Investment Professional Charged with Fraud
(HedgeCo.Net) The U.S. District Court for the Northern District of Illinois entered a final judgment against Ronald T. Molo, a former investment professional, who was charged with defrauding three investors and ordered Molo to pay $815,104 in disgorgement and prejudgment […]
Gatekeepers Ordered to Pay Nearly $1 Million in Monetary Remedies for Microcap Shell Factory Fraud
(HedgeCo.Net) Broker-dealer Spartan Securities Group, LTD., transfer agent, Island Capital Management LLC, d/b/a Island Stock Transfer and two of their principals, Carl E. Dilley and Micah J. Eldred, were ordered to pay nearly $1 million in monetary remedies in connection […]
White House hits back at Amazon’s Bezos after Biden inflation spat
(CNBC) The White House on Monday hit back at Amazon founder Jeff Bezos after he took a swipe at President Joe Biden in a series of tweets over the weekend for his comments on inflation. The exchange began Friday when […]
Stock futures bounce as investors assess start of new quarter, bond market recession indicator
(CNBC) Stock futures rose early Thursday as investors assessed a new quarter of trading and a troublesome bond market recession indicator. Investors were also awaiting the official jobs report for March, which the Labor Department will release at 8:30 a.m. […]
Former Financial Advisor Charged with Stealing $5.8 Million from Client
(HedgeCo.Net) The Securities and Exchange Commission has charged German Nino, a former securities broker and investment adviser representative for UBS Financial Services Inc., with stealing $5.8 million from a long-standing client. The SEC’s complaint alleges that Nino, of Weston, Florida, […]
Investors should brace for positive but below average returns in 2022, says Pictet’s Paolini
(Hedgeweek) The outlook is still good for investors, says Luca Paolini, chief strategist at Pictet Asset Management. To read this article:
SEC Charges Financial Adviser with Stealing Investor Funds to Pay Off Credit Cards, Buy Gold Coins
(HedgeCo.Net) The U.S. Securities and Exchange Commission has charged a former New Jersey broker and investment adviser representative with stealing nearly $3 million from his advisory clients and brokerage customers, which he used to buy gold coins and other precious […]
