June 15, 2022/US SEC The Securities and Exchange Commission today announced that investment advisory firm Weiss Asset Management LP has agreed to pay approximately $6.9 million to settle charges that it violated the federal securities laws when it unlawfully purchased stock in seven public offerings after selling short those same […]
Frauds & Scandals
SEC Charges Private Equity Adviser for Failing to Disclose Disproportionate Expense Allocations to Fund
June 14, 2022/US SEC The Securities and Exchange Commission today charged New Jersey-based investment adviser Energy Capital Partners Management LP (ECP) with allocating undisclosed, disproportionate expenses to a private equity fund it advises. ECP agreed to pay a $1 million penalty to settle the SEC charges and has voluntarily paid […]
SEC Charges Three Additional Investment Advisers for Recommending Ponzi Scheme to Clients
June 14, 2022/US SEC On June 10, 2022, the Securities and Exchange Commission filed a civil action in the United Stated District Court for the Northern District of Georgia against Michael Mooney, Britt Wright, and Penny Flippen in connection with their participation in a Ponzi scheme that raised more than […]
