April 25, 2017 BY Valentina Kirilova
SEC charges portfolio manager with diverting nearly $2 million to personal account
The Securities and Exchange Commission (SEC) announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority. The SEC’s complaint alleges that Kevin J. Amell carried out a fraudulent matched-trades scheme in which he prearranged the purchase…
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