- 2009
Respondent was the founder, sole Director, President, Secretary and Treasurer of Hubadex, Inc., which acted as general partner to three pooled investment funds: The Quarter Funds, L.P., The Symmetry Fund, L.P. and the Trimester Fund. The SEC found that he defrauded investors in the funds by making false and misleading statements about the total assets under management, the returns they generated and the individual investors’ account balances and gains. Further, respondent allegedly received additional (unearned) compensation in fees based on the inflated returns he reported, and paid redemptions using funds that belonged to other investors.
