November 8, 2021/US SEC The Securities and Exchange Commission announced that on November 8, 2021, it obtained an asset freeze and other preliminary injunctive relief against Swapnil J. Rege and his company SwapStar Capital, LLC. The preliminary injunction and order freezing assets restrains defendants Rege and SwapStar from violating the […]
Frauds & Scandals
SEC Charges Exchange-Traded Product and Its General Partner With Disclosure Failures
November 8, 2021/US SEC The Securities and Exchange Commission today charged United States Oil Fund LP, an exchange-traded product (ETP), and its general partner United States Commodity Funds LLC for misleading statements about limitations imposed by its sole futures commission merchant and broker. USO and USCF have agreed to pay […]
SEC Wins Jury Trial: Hedge Fund Adviser Liable for Securities Fraud
November 8, 2021/US SEC On November 5, 2021, jurors in Boston federal court returned a verdict in the Securities Exchange Commission’s favor against a hedge fund adviser and his investment advisory firm. Gregory Lemelson and Massachusetts-based Lemelson Capital Management LLC were charged with fraud in September 2018 for reaping more than $1.3 […]
