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 […]
Frauds & Scandals
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 […]
SEC Charges Michigan Investment Adviser with Fraud
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 […]
