An Atlanta resident has been accused of insider trading in the stock of a technology company by exploiting nonpublic information he learned from the friend of a company executive.
An investment adviser to several alternative mutual funds faces charges for maintaining millions of dollars of the funds’ cash collateral at broker-dealer counterparties instead of the funds’ custodial bank. The violations were uncovered during an SEC examination of the firm and the funds it manages.
A purported hedge fund manager in New York City has been charged with stealing money from his investors.
SEC Halts Colorado-Based Pyramid Scheme
Fraud charges and an emergency asset freeze have been announced against two operators of a Colorado-based pyramid and Ponzi scheme that promises investors extraordinary returns of 700 percent through a purported “triple algorithm” and “3-D matrix.”
New York-Based Brokerage Firm and CEO Charged With Committing Fraud During CDO Liquidation Auctions
A New York City-based brokerage firm and its CEO has been charged with fraudulently deceiving other market participants while conducting auctions to liquidate collateralized debt obligations (CDOs).
Brothers-in-Law in Louisiana Charged With Insider Trading
Insider trading charges have been filed against a former Fortune 500 company executive and his brother-in-law whom he allegedly tipped with nonpublic information ahead of the company’s merger.
