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Results: 1-10 of 105

Are we headed toward “Basic writ small”?

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • March 6 2014

The U.S. Supreme Court heard oral argument yesterday in the closely watched Halliburton Co. v. Erica P. John Fund, Inc., No. 13-317, which places in

SEC charges New York City-based investment adviser, its executives, and affiliated broker-dealer with fraud

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • December 7 2009

The SEC charged New York City-based investment adviser Value Line Inc.; its CEO, Jean Buttner; its former Chief Compliance Officer (CCO), David Henigson; and its affiliated broker-dealer, Value Line Securities, Inc. (VLS), with defrauding the Value Line family of mutual funds by charging more than $24 million in bogus brokerage commissions on mutual fund trades funneled through VLS

Head of two Connecticut-based hedge fund advisers to pay more than $62 million in fraud case

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • June 3 2009

U.S. District Judge Kenneth Marra for the Southern District of Florida found that Michael Lauer, the head of Lancer Management Group and Lancer Management Group II, two Connecticut-based hedge fund advisers, must pay more than $43.6 million and more than $18.9 million in prejudgment interest

Hedge fund adviser charged with market timing involving variable annuity contracts

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • February 8 2007

The SEC charged John M. Fife (Fife) and Clarion Management, LLC (Clarion Management) with engaging in a fraudulent scheme to purchase variable annuity contracts issued by the Lincoln National Life Insurance Company (Lincoln) for Clarion Capital, LP (Clarion Capital) in order to engage in market timing

SEC obtains assets freeze of Wisconsin-based investment adviser charged in kickback scheme

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • June 3 2009

As part of an ongoing investigation, the SEC obtained an emergency court order to freeze the assets of a Wisconsin-based investment adviser - James Putnam, the founder, majority owner and CEO of Wealth Management LLC

Utah hedge fund adviser charged with fraud

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • March 4 2008

The SEC brought an enforcement action against a Salt Lake City investment adviser and three of its principals for making undisclosed high-risk investments that resulted in the near total loss of the assets in two hedge funds managed by the adviser

SEC adds charges against Rajaratnam and Galleon Management LP

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • December 7 2009

The SEC announced additional charges in its insider trading enforcement action against billionaire Raj Rajaratnam and Galleon Management LP by charging 13 additional individuals and entities, including three hedge fund managers, three professional traders at New York-based Schottenfeld Group, and a senior executive at Atheros Communications, a California-based developer of networking technologies

SEC brings action against Illinois adviser for misappropriating client assets

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • August 2 2007

The SEC filed an emergency action against Sentinel Management Group, Inc. (Sentinel), an investment adviser located in Northbrook, Illinois, seeking to halt Sentinel's improper commingling, misappropriating and leveraging of client securities without client consent in violation of Section 206 of the Advisers Act

Fourth Circuit adopts case-by-case analysis of attribution standard for fraud-on-the-market theory

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • June 3 2009

In In re Mutual Funds Investment Litigation, No. 07-1607 (4th Cir. May 7, 2009), the Fourth Circuit reversed the lower court’s decision and held that Plaintiffs’ 10(b) primary liability claim and Plaintiffs’ 20(a) control person liability claim were sufficiently pled

SEC brings action against investment adviser for misrepresenting his strategies as being low-risk

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • June 3 2009

The SEC filed suit against Jacques R. Gendreau, a California investment adviser, and his firm, Gendreau & Associates, Inc., for allegedly misrepresenting his strategies for clients’ funds as being low-risk and engaging in high-risk investing that led to heavy losses