5/6/2019/US SEC On June 4, 2019, the Securities and Exchange Commission filed a subpoena enforcement action against Einstein Investments LLC, an Arizona-based investment firm, seeking an order directing it to comply with an investigative subpoena. According to the SEC’s application filed in the U.S. District Court for the Central District […]
Frauds & Scandals
Hedge Fund Adviser to Pay $5 Million for Compliance Failures Related to Valuation of Fund Assets
June 4, 2019/US SEC The Securities and Exchange Commission today announced that a private fund manager in the mortgage-backed securities space has agreed to pay a $5 million penalty to settle charges stemming from compliance deficiencies that contributed to the firm’s failure to ensure that certain securities in its flagship […]
SEC Obtains Final Judgment Against Operator of Ponzi Scheme Targeting Retail Investors
June 4, 2019/US SEC On May 31, 2019, the Securities and Exchange Commission obtained a final judgment against James E. Hocker, a Bellefonte, Pennsylvania insurance agent charged with stealing nearly $1.5 million in a Ponzi scheme targeting retail investors. On June 21, 2018, the Commission filed a complaint in the […]
