Tag Archives: securities-and-exchange-commission
Texas Money Manager Charged with $8 Billion Fraud
New York (HedgeCo.Net) – The Securities and Exchange Commission charged Texas businessman Robert Allen Stanford yesterday along with three of his companies for running a fraudulent $8 billion investment scheme. "We are alleging a fraud of shocking magnitude that has […]
Soros Management Fund Increases Stakes in Petrobras, Potash
Bloomberg – Billionaire investor George Soros’s hedge-fund firm bought more shares of Petroleo Brasileiro SA and Potash Corp. of Saskatchewan Inc. in the fourth quarter, almost doubling its holdings. Soros Fund Management LLC bought 16 million shares of the Petrobras’ […]
Harbinger Continues Cablevision Sell-off
Multichannel Online – Harbinger Capital, the hedge fund that caused a stir last year when it began buying large blocks of Cablevision Systems shares, continued a sell-off of the stock that began earlier this year, reducing its holdings in the […]
KBR and Halliburton to Pay $579 Million to Settle Charges
New York (HedgeCo.Net) – Halliburton and KBR, Inc. have settled with the Securities and Exchange Commission after allegations that KBR subsidiary Kellogg Brown & Root illegally obtained construction contracts in Nigeria by bribing government officials. KBR and Halliburton will pay […]
Hedge Fund Bill Won’t Publicize Clients
Investment Consultant – Reports that U.S. Sens. Carl Levin’s and Charles Grassley’s new bill on hedge fund regulation will force funds to publicize the names of clients are untrue, the senators said. "Contrary to some press reports, the Grassley-Levin bill […]
SEC enforcement chief Linda Thomsen resigns, replacement not named
Lethbridge Herald – The top cop at the U.S. Securities and Exchange Commission is leaving the government less than a week after receiving an angry dressing-down before Congress over the agency’s failure to detect a massive alleged fraud scheme. The SEC […]
Activist hedge fund moves on Abitibi
Globe and Mail – A U.S. hedge fund with a reputation as an activist investor has become the biggest shareholder in AbitibiBowater Inc., putting added pressure on management at the struggling paper giant to find a speedy solution to its […]
Top SEC Regulator Backs Hedge Fund Oversight
CNBC – Top U.S. securities regulator said Tuesday she generally supported requiring hedge funds to register with the Securities and Exchange Commission. SEC Commissioner Elisse Walter is the latest in a growing number of policymakers to express support for more […]
Judge extends freeze on Nadel
Herald Tribune – A federal judge extended a freeze on the assets of Sarasota’s Arthur G. Nadel on Tuesday, but failed to include other partners — a measure some investors with the accused hedge fund swindler have been pushing for […]
States urge Congress to regulate hedge funds
Reuters – State regulators urged Congress on Thursday to restore their authority to protect investors from fraud in the banking sector and to beef up oversight of hedge funds. Hedge fund advisers should be subject to the same kind of […]
Hedge Funds Could Be Forced To Register With SEC Under New Bill
All Headline News – Hedge funds will require registering under a new proposal to regulate the market segment that lost $600 billion in 2008 due to financial crisis, an all time record. Under the bill by two senators today would […]
