Hedge Funds

Archive | Hedge Funds

CV Brokerage Stockbroker Suspended

July 05, 2017  |   Posted by :   |   Hedge Funds, Stockbroker Fraud News   |   0 Comments

John Joseph Tillger Jr., of West Conshohocken, Pennsylvania, a stockbroker formerly registered with CV Brokerage, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he did not respond to FINRA’s request for information in reference to a customer initiated investment related dispute settlement […]

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Potomac Capital Markets Stockbroker Sanctioned

June 08, 2017  |   Posted by :   |   Hedge Funds, Stockbroker Fraud News   |   0 Comments

Gary Aquino Ladrido, of Frederick, Maryland, a stockbroker formerly registered with Potomac Capital Markets, LLC, has been fined $10,000.00 and suspended for fourteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected transactions while his securities registration was suspended. Letter of Acceptance, […]

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Summit Equities Censured For Failure To Supervise

May 18, 2017  |   Posted by :   |   Hedge Funds, Selling away, Stockbroker Fraud News   |   0 Comments

Summit Equities, Inc., a brokerage firm headquartered in Parsippany, New Jersey, has been censured and fined $325,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm did not adequately supervise registered representatives’ private securities transactions as well as recommendations of variable annuity share classes. Letter of Acceptance, Waiver and Consent, […]

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Optimal Economics Capital Partners Charged With Fraud

Patrick O. Howard, of Dallas, Texas, along with two entities controlled by him, Howard Capital Holdings, LLC, and Optimal Economics Capital Partners, LLC, have been charged by the Securities and Exchange Commission (SEC) in a Complaint alleging that Howard and his firms committed securities fraud. Securities and Exchange Commission v. Patrick O. Howard, et al., […]

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Fox Financial Fails To Supervise Private Securities Transactions

January 26, 2017  |   Posted by :   |   Failure To Supervise, Hedge Funds, Stockbroker Fraud News   |   0 Comments

Sanctions levied on Fox Financial Mangement Corporation, a brokerage firm based on Carrollton, Texas, along with principals Brian A. Murphy, of Frisco, Texas, and James E. Rooney, Jr., of Carrollton, Texas, were affirmed by Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council in a Decision which confirmed findings that the firm and principals, inter alia, […]

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Summer Street Principal Suspended For Failure To Supervise

January 26, 2017  |   Posted by :   |   Failure To Supervise, Hedge Funds   |   0 Comments

Cyrus M. Alphonse, of Boston, Massachusetts, a former registered principal with Summer Street Research Partners, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon consenting to findings that, inter alia, he failed to supervise a subordinate registered representative’s private securities transactions. Letter […]

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Dougherty & Company Stockbroker Charged With Selling Away

December 24, 2016  |   Posted by :   |   Alternative Investments, Hedge Funds, Stockbroker Fraud News   |   0 Comments

Michael Timothy Dolan, of Minneapolis, Minnesota, a stockbroker currently registered with Dougherty & Company LLC, was charged by Financial Industry Regulatory Authority Department of Enforcement in a Complaint alleging that Dolan effected unauthorized private securities transactions. Department of Enforcement v. Dolan, No. 2013039306601 (Dec. 14, 2016). According to the Complaint, from October of 2010 to […]

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Summit Equities Stockbroker Suspended For Failure To Supervise

Rembert D. McNeer III, of Parsippany, New Jersey, a stockbroker formerly registered with Summit Equities, Inc., was fined $10,000.00 and suspended for one-year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to properly supervise the activity of a Summit Equities registered representative. Letter […]

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Berthel Fischer Stockbroker Barred In Investigation

September 16, 2016  |   Posted by :   |   Alternative Investments, Hedge Funds, Stockbroker Fraud News   |   0 Comments

Jerry McCutchen, of Mobile, Alabama, a stockbroker for Berthel, Fisher & Company Services, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations that McCutchen made unsuitable alternative investment recommendations. Letter of Acceptance, Waiver and Consent, […]

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Arete Wealth Management Stockbroker Suspended For Unsuitable Recommendations

June 30, 2016  |   Posted by :   |   Hedge Funds, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Roshan A. Loungani, of Vienna, VA, a stockbroker with Arete Wealth Management, LLC, was suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unsuitable recommendations to customers. Letter of Acceptance, Waiver and Consent, No. 2013037488701 (June 7, 2016). According to the […]

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Triad Advisors Stockbrokers Barred for Selling Away

Gary Lee Rathbun and Douglas Scott Miller, both of Toledo Ohio, and stockbrokers for Triad Advisors, Inc., were permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after engaging in unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2014041919401 (May 17, 2016). According to the […]

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Self-dealing Costs J.P. Morgan Securities $367 Million

December 18, 2015  |   Posted by :   |   Alternative Investments, Hedge Funds   |   0 Comments

J. P. Morgan Securities LLC is the securities broker-dealer subsidiary of J.P. Morgan, and as a broker-dealer sells securities and investment services through approximately 2,800 financial advisors located in Chase bank branches nationwide. As of the end of last year, J.P. Morgan, the bank, has $2.6 trillion in assets and J.P. Morgan Asset Management also […]

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Pharma-boy Martin Shkreli Charged With Defrauding Hedge Fund Investors And Stealing $11 Million In Assets

December 17, 2015  |   Posted by :   |   Alternative Investments, Hedge Funds   |   0 Comments

Today, the United States Attorney for the Eastern District of New York unsealed a seven-count indictment Martin Shkreli and his lawyer with securities fraud. According to the indictment, between September 2009 and January 2011, Shkreli falsely represented to potential investors his company MSMB Capital was a transparent investment vehicle for sophisticated investors with monthly liquidity, […]

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IBN Financial Services Planner Barred For Defrauding Customers

Anthony Diaz of Scotrun, PA, formerly a financial planner with IBN Financial Services, was permanently barred from association with any FINRA registered firms after consenting to FINRA allegations that Diaz engaged in unsuitable variable annuity exchanges, deceptively used falsified financial information and dates, committed fraud in connection with alternative investments, falsified books and records, engaged […]

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Citigroup Global Markets Inc. Consent to $178 Million Fine For Hedge Fund Fraud

Citigroup Alternative Investments LLC is a subsidiary of Citigroup Global Markets Inc., and between 2002 and 2008, they raised approximately $2.898 billion from approximately 4,000 investors into two now-defunct hedge funds—the ASTA and MAT funds (“ASTA/MAT”) and the Falcon Strategies funds (“Falcon”). These funds were recommended and sold by two groups of individuals, the “financial […]

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New York Securities Brokers Charged in Fraudulent Scheme

General securities representatives Timothy Stephen Dembski and Walter Francis Grenda Jr., both former employees with Mid Atlantic Capital Corporation (“MACC”) in Cheektowaga, NY, were charged by FINRA’s Department of Enforcement in a Complaint containing allegations that the individuals engaged in fraudulent misrepresentations and omissions in violation of Section 10(b) of the Securities Exchange Act of […]

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Oppenheimer Global Resource Private Equity Fund Manager Admits to Fraud

February 20, 2015  |   Posted by :   |   Hedge Funds, Stockbroker Fraud News   |   0 Comments

Brian Williamson, the Managing Director of the sub-advisor to the Oppenheimer Global Resource Private Equity Fund Manager consented to the entry of an Order finding that he willfully violated Section 17(a) of the Securities Act; Section 10(b) of the Exchange Act and Rule 10b-5 thereunder; and Section 206(4) of the Advisers Act and Rule 206(4)-8. […]

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Ponzi Scheme Award of the Year Goes to This Man

February 16, 2015  |   Posted by :   |   Hedge Funds, Ponzi Scheme, Stockbroker Fraud News   |   0 Comments

Welcome to America! You Can’t Make This Stuff Up America is the land of opportunity. Pakistani citizen and New York resident, Moazzam “Mark” Malik worked as a waiter, and NYPD traffic agent, and a security guard. After “working” at Lehman Brothers, JP Morgan Chase and Merrill Lynch, since 2002. Mark Malik manages more than $1 […]

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