The SEC brought administrative charges against Albert E. Parish, Jr., charging Parish with fraud in connection with the operations of a hedge fund. The hedge fund invested in commodities and securities futures products, bonds, stocks, and hard assets such as expensive watches, jewelry and fine art.

The SEC alleged Parish misused and misappropriated investor funds, falsely stated to investors that their funds were invested, sent out false account statements indicating that investors’ funds were fully invested and earning returns, and otherwise engaged in a variety of conduct which operated as a fraud and deceit on investors.

Please click to access a copy of the administrative action.