November 5, 2021/US SEC The Securities and Exchange Commission today announced charges against Michigan resident Steven F. Muntin for allegedly defrauding one of his investment advisory clients out of more than $314,000. According to the SEC’s complaint, Muntin worked for an SEC-registered investment adviser and also managed certain investments for […]
Frauds & Scandals
SEC Obtains Emergency Relief in Case Charging Claims Aggregator and Principals with Multi-Million Dollar Fraud
November 5, 2021/US SEC The Securities and Exchange Commission today announced it charged a New Jersey “claims aggregator” – a firm that submits claims on behalf of its clients to administrators tasked with returning settlement funds to harmed investors – and its three principals with defrauding distribution funds established to […]
SEC Wins Jury Trial Against Hedge Fund Adviser Who Ran Manipulative Short Scheme
November 5, 2021/US SEC Jurors in Boston federal court today 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 million in illegal […]
