The Securities and Exchange Commission (SEC) has charged two individuals who provided the biggest influx of investor funds into one of the largest-ever Ponzi schemes in South Florida. The SEC alleges that George Levin and Frank Preve, who live in
The SEC has issued and settled charges against professional boxer Floyd Mayweather Jr and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). These are the SEC’s
The US Commodity Futures Trading Commission (CFTC) has filed a civil injunctive complaint charging defendants Nicholas Trimble and his companies, Capstone FX Quantitative Analysis, Inc. (Capstone) and Beekeepers Fund Capital Management, LLC (Beekeepers), all of Denver, Colorado., with fraudulently soliciting
The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action charging Gary Futch and his son, Bradley A Futch and their firm Tradewind Investments, LLC (Tradewind), with commodity options fraud. Tradewind was registered as a Commodity Trading Advisor from February 2008 through
The board of the Managed Funds Association, the leading US industry body for alternative investment managers, has chosen Eric Vincent, president of Ospraie Management, as its new chairman.
A former audit partner at accounting and consulting firm BDO USA LLP has pleaded guilty to criminal charges for lying to SEC enforcement staff during investigative testimony. Ronald C Machen Jr, the US Attorney for the District of Columbia, filed
The US Commodity Futures Trading Commission (CFTC) today announced that the US District Court for the Western District of North Carolina entered an order of default judgment and permanent injunction against Barki, LLC of Mint Hill, N.C. The order, entered
Billionaire hedge fund manager Steve Cohen’s SAC Capital has agreed to plead guilty to criminal insider trading charges and pay a USD1.8bn fine, according to a statement released by US federal prosecutors. SAC’s investment advisory business will close as a
The Securities and Exchange Commission has charged a San Diego-based investment advisory firm and its president with fraud for failing to disclose a conflict of interest to clients and materially misrepresenting the liquidity of a hedge fund they managed. The
The US Commodity Futures Trading Commission (CFTC) has issued an Interpretation that relates to anti-fraud authority provided in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Interpretation is the CFTC’s view of the meaning of the
