It’s the start of a new year and many investors will be reviewing their financial portfolios. Some of them may soon be reaching for antacids or for lower-shelf martinis. Given the volatility of global financial markets, investors at all levels will have to be forgiven if they’re a little vulnerable to the power of suggestion… Read More >>
SEC Charges Crypto Fund Manager with Fraud
The SEC has taken legal action to freeze a flagship fund of cryptocurrency fund manager Virgil Capital LLC via the U.S. District Court of the Southern District of New York, alleging that the firm’s investors are at risk via fraud and related matters. The focus of the asset freeze request is the firm’s cryptocurrency trading… Read More >>
Galleon PM to Pay $840K to Settle SEC Charges
The SEC reports that former hedge fund portfolio manager Rajarengan “Rengan” Rajaratnam has agreed to pay more than $840,000 and accept securities industry bars in order to settle the agency’s insider-trading case brought against him for “his role in the widespread insider-trading scheme conducted by his brother Raj Rajaratnam and hedge fund advisory firm Galleon… Read More >>
SEC Tackles Hedge Fund Fraud via Deferred Prosecution as SG CIB Adopts Post-Trade Service
SEC Tackles Hedge Fund Fraud via Deferred Prosecution In a first for the regulator, the SEC has announced a deferred prosecution agreement (DPA) with former hedge fund administrator Scott Herckis who helped the regulator take action against hedge fund manager Heppelwhite Fund, which the SEC charged with stealing investor assets.The DPA states that Herckis… Read More >>
