Whistleblower
Advocates
Award Winning Attorneys
SEC Prosecutions
Enforcement Action Brought to Halt Fraud at Quant Fund
SEC v. Belal K. Faruki and Neural Markets, LLC
- 2012
- $1.2 Million
Chicago-area money manager and his hedge fund advisory firm were charged with lying to prospective investors in their startup quantitative hedge fund, “Evolution Quantitative 1X Fund.” They falsely represented the existence of investor capital and that trading was generating profits when, in fact, losses were being incurred. One investor was defrauded out of $1 million.
