August 16, 2016 BY Valentina Kirilova

SEC: Hedge fund manager charged in scheme involving terminally ill

The Securities and Exchange Commission (SEC) has announced fraud charges against a hedge fund manager and his firm accused of paying terminally ill individuals to use their names on purportedly joint brokerage accounts so he could purchase investments on behalf of his hedge fund and redeem them early by invoking a survivor’s option. An SEC examination of…

Read more