West Palm Beach, Lake Worth, Delray Beach, Boca Raton and Pompano Beach, Florida – Hedge Fund Fraud and Mismanagement FINRA Arbitration and Litigation Attorney:
Securities and Exchange Commission v. Weston Capital Asset Management LLC, et al., Civil Action No. 14-cv-80823 (S.D. FL)
The Securities and Exchange Commission recently filed a civil action in the United States District Court for the Southern District of Florida against Weston Capital Asset Management LLC and its founder and president Albert Hallac of Palm Beach, Florida, for violations of antifraud provisions, and against the firm’s former general counsel, chief compliance officer, and chief operating officer Keith Wellner of New York, New York for aiding and abetting violations. The complaint also names Hallac’s son, Jeffrey Hallac, a managing member at Weston Capital, as a relief defendant.