Hedge Funds – Investment Loss and Mismanagement Federal and State Litigation Attorney: “Hedge fund” is a general, non-legal term used to describe private, unregistered investment pools that traditionally have been limited to sophisticated, wealthy investors. Hedge funds are not mutual funds and, as such, are not subject to the numerous…
Hedge Fund Manager James Fry, Previously Sued by the SEC for Fraud, Found Guilty of Securities Fraud, Wire Fraud, and Making False Statements to the SEC The Securities and Exchange Commission recently announced that on June 12, 2013 a jury found Minneapolis-area hedge fund manager James Fry guilty of five…
SEC Charges Hedge Fund Manager and Brokerage CEO with Fraud The Securities and Exchange Commission recently announced charges against a Houston-based hedge fund manager and his firm accused of defrauding investors in two hedge funds and steering bloated fees to a brokerage firm CEO who also is charged in the…
Securities and Exchange Commission v. Randal Kent Hansen, et al., Civil Action No. 13-cv-01403 (S.D.N.Y., filed March 1, 2013) SEC Charges Advisers to the RAHFCO Hedge Funds with Fraud The Securities and Exchange Commission (“Commission”) recently filed a civil injunctive action in the United States District Court for the Southern…
Securities and Exchange Commission v. New Stream Capital, LLC, New Stream Capital (Cayman), Ltd., David A. Bryson, Bart C. Gutekunst, Richard Pereira, and Tara Bryson, et al., Civil Action No. 3:13cv264 (D. Conn.) SEC Charges Connecticut Hedge Fund Managers With Securities Fraud Recently, the Securities and Exchange Commission filed a…
Securities and Exchange Commission v. Chetan Kapur; Lilaboc, LLC d/b/a ThinkStrategy Capital Management, LLC, Civil Action No. 11-CIV-8094 (S.D.N.Y.) (PAE) Court Orders New York-Based Hedge Fund Manager and Firm to Pay Nearly $5 Million in Disgorgement and Penalties The Securities and Exchange Commission recently announced that, on January 3, 2013, Judge…
Securities and Exchange Commission v. Steven B. Hart, Civil Action No. 12-CV-8986 (S.D.N.Y.) SEC CHARGES NEW YORK-BASED FUND MANAGER WITH TWO WIDESPREAD FRAUDULENT TRADING SCHEMES SPANNING NEARLY FOUR YEARS The Securities and Exchange Commission recently charged New York-based fund manager Steven B. Hart (Hart) with repeated violations of the federal…
Securities and Exchange Commission v. Yusaf Jawed, Grifphon Asset Management, LLC, Grifphon Holdings, LLC, and Robert P. Custis, Civil Action No. 12-1696 (U.S. District Court for the District of Oregon, filed September 20, 2012) Securities and Exchange Commission v. Jacques Nichols, Civil Action No. 12-1698 (U.S. District Court for the…
Litigation Release No. 22460 / August 27, 2012 Securities and Exchange Commission v. Gary R. Marks, CV-12-4486-JSC (N.D. Cal., filed August 27, 2012). August, 2012: SEC Charges Former Sky Bell Hedge Fund Manager With Making Misrepresentations In Selling And Recommending His Hedge Funds Recently, the Securities and Exchange Commission filed…
Philip A. Falcone and Harbinger Charged with Securities Fraud June, 2012: The Securities and Exchange Commission recently filed fraud charges against New York-based hedge fund adviser Philip A. Falcone and his advisory firm, Harbinger Capital Partners LLC for illicit conduct that included misappropriation of client assets, market manipulation, and betraying…