GenSpring Family Offices breached its fiduciary duty and committed gross negligence when it failed to adequately diversify the USD57 million portfolio of an ultra high net worth individual and misrepresented that hedge funds it recommended would perform like bonds, according
The Securities and Exchange Commission has obtained an emergency court order to freeze the assets of a Connecticut-based money manager and the hedge funds that he controls, alleging tha
The US Commodity Futures Trading Commission has filed an enforcement action against Mark S.
The US Commodity Futures Trading Commission (CFTC) has filed a federal court action charging Sidney J Charles, Jr, formerly of Bowie, Md, and his company, The Borrowing Station, LLC (Borrowing Station), of Bowie, Md, with fraud, misappropriation, and registration violations in connection with an
The Securities and Exchange Commission has charged a Philadelphia-area investment adviser and its principal with misappropriating millions of dollars in client assets, and has obtained
The Securities and Exchange Commission has settled securities law violations charges against New York-based investment adviser Hennessee Group and its principal Charles J.
The Securities and Exchange Commission (SEC) has sanctioned three investment advisory firms for violating the “custody rule” that requires them to meet certain standards when maintaining custody of client funds or securities. The majority of investment advisers do not maintain
The US District Court for the District of Connecticut has entered a default judgment order against Diego Mariano Rolando, a citizen of Argentina, finding that he committed commodity fut
The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges that Robert S. Moss, of Charlotte, NC, fraudulently solicited more than USD3 million from 22 individuals to trade options on commodity futures through a commodity pool. Moss
The US Commodity Futures Trading Commission has announced that on 1 April 2009, a federal court judge in Knoxville, Tennessee issued a preliminary injunction against defendant Centurion
