- 2010
- $130,000
Respondents included an investment adviser and its former CEO/majority owner. They actively managed hedge funds and the SEC found that they caused one fund to engage in undisclosed, unhedged, high-risk trading, primarily in Google stock options, which resulted in substantial losses. Investors were allegedly sent lulling emails while the blow-up was occurring. Respondents also were found to have caused another managed fund to make an imprudent loan of over $4.2 million, to the distressed fund that was blowing up.
