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Results: 1-10 of 162

SEC settles market timing case involving an officer of a broker-dealer (MF)
  • Sutherland Asbill & Brennan LLP
  • USA
  • July 10 2007

The SEC settled a market timing case with Jerome Snyder, the former Chief Administrative Officer of Trautman Wasserman & Company, Inc. (TWCO), a registered broker-dealer


SEC adopts hedge fund antifraud rule, which extends to mutual funds (HF, IA & MF)
  • Sutherland Asbill & Brennan LLP
  • USA
  • August 8 2007

The SEC voted unanimously to adopt a new antifraud rule under the Investment Advisers Act of 1940 that clarifies its ability to bring enforcement actions under the Advisers Act


SEC delays implementation of AML web tool
  • Sutherland Asbill & Brennan LLP
  • USA
  • August 8 2007

On June 25, 2007, the SEC announced that it has added to its website a software tool that permits investors to obtain information about a company’s business interests in countries the U.S. Secretary of State has designated “State Sponsors of Terrorism.”


SEC brings action against a hedge fund adviser related to side agreements
  • Sutherland Asbill & Brennan LLP
  • USA
  • August 8 2007

The SEC brought charges against Vincent Montagna (“Montagna”), barring Montagna from associating with an investment adviser


Final judgments entered against Connecticut hedge fund adviser
  • Sutherland Asbill & Brennan LLP
  • USA
  • August 29 2007

Final judgments have been entered by consent against Scott R. Sacane, Durus Capital Management, LLC, and Durus Capital Management (N.A.), LLC (collectively, Durus) in a civil fraud action the SEC filed against them on October 12, 2005


Mutual fund portfolio manager charged with insider trading
  • Sutherland Asbill & Brennan LLP
  • USA
  • August 21 2007

The SEC issued an order instituting administrative proceedings against Joseph A. Frohna pursuant to Section 203(f) of the Advisers Act


Soft dollar case brought against investment adviser
  • Sutherland Asbill & Brennan LLP
  • USA
  • August 15 2007

The SEC sanctioned Schultze Asset Management LLC (SAM), a New York registered investment adviser, and George J. Schultze, age 37, its principal, for making false and misleading statements concerning SAM's soft dollar practices and for failing to provide and modifying books and records requested by the SEC's staff during an onsite inspection


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 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


Former UBS broker charged with fraudulent hedge fund scheme
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 14 2008

The SEC filed a complaint charging Justin M. Paperny of Studio City, California, a former broker with UBS Financial Services, Inc. for his role in fraud involving a hedge fund fraud