Tag Archives: Investment Advisers Act

SEC Charges Investment Adviser Umesh Tandon with Defrauding CalPERS

In the Matter of Umesh Tandon, SEC Admin. Proc. No. 3-15282.  On April 18, 2013, the SEC announced it filed a settled administrative proceeding against Umesh Tandon.  According to the SEC Order, Tandon told CalPERS that his advisery firm Simran … Continue reading

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SEC Obtains Asset Freeze Against Investment Adviser Gregg Caplitz Charged with Stealing Client Money

SEC v. Gregg D. Caplitz, et al., Case No. 1:13-cv-10612 MLW (D. Mass.).  On March 18, 2013, the SEC announced it obtained an asset freeze against investment adviser Gregg D. Caplitz.  The SEC alleges that Caplitz and Insight Onsite Strategic … Continue reading

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SEC Charges Hedge Fund Adviser Randall Hansen with Fraud

SEC v. Randal Kent Hansen, et al., Case No. 13-cv-01403 (S.D.N.Y.).  On March 4, 2013, the SEC announced fraud charges related to two hedge funds — RAHFCO Funds LP and RAHFCO Growth Fund LP (the “RAHFCO Hedge Funds”).  The SEC charged RAHFCO Management Group, … Continue reading

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SEC Charges San Francisco-Bay Area Real Estate Fund Managers Walter Ng, Kelly Ng and Bruce Horwitz with Fraud

SEC v. Walter Ng, Kelly Ng, Bruce Horwitz, and The Mortgage Fund, LLC, Case No. C 13-0895 NC (N.D. Cal.).  On February 28, 2013, the SEC announced fraud charges against Bay Area real estate fund managers Walter Ng, his son … Continue reading

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SEC Charges Hedge Fund Managers David Bryson and Bart Gutekunst with Fraud

SEC v. New Stream Capital, LLC, New Stream Capital (Cayman), Ltd., David A. Bryson, Bart C. Gutekunst, Richard Pereira, and Tara Bryson, et al., Case No. 3:13-cv-00264 (D. Conn.).  On February 26, 2013, the SEC announced fraud charges against hedge … Continue reading

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SEC Sues Fund Manager George Price in Scheme Involving Risky Mortgage-Related Investments

SEC v. ABS Manager, LLC, et al., Case No. 13 CV 0319 PC JMA (S.D. Cal.).  On February 20, 2013, the SEC announced fraud charges against George Charles Cody Price.  Price raised $18 million for three investment funds through his firm ABS … Continue reading

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SEC Sues Investment Advisor Desla U. Thomas in Investment Scheme

SEC v. Desla U. Thomas, et al., Case No. 3:13-cv-00739-L (N.D. Tex.).  On February 15, 2013, the SEC announced fraud charges against investment adviser Delsa U. Thomas, The D. Christopher Capital Group, LLC (“DCCMG”), and The Solomon Fund LP.  The SEC’s complaint … Continue reading

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SEC Settles Cherry-Picking Case against Hedge Fund Manager Howard Berger

SEC v. Howard Brett Berger and Michelle Berger, Case No. CV-12-4728 (E.D.N.Y.).  On February 12, 2013, the SEC announced it settled an enforcement action brought in September 2012.  The SEC alleged Howard Berger (“Berger”) was a founder and manager of … Continue reading

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SEC Announces that Investment Adviser Timothy Roth Was Sentenced to 12 Years in Parallel Criminal Case

SEC v. Timothy J. Roth, et al, Case No. 11-cv-02079 (C.D. Ill.).  On February 5, 2013, the SEC announced that a federal judge sentenced Timothy J. Roth to 151 months in prison and ordered him to pay $16,151,964 in restitution … Continue reading

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SEC Charges Investment Advisory Firms and Portfolio Managers For Collapse of Mutual Fund

In the Matter of Claymore Advisors, LLC, Admin. Proc. File No. 3-15139; In the Matter of Mohamed Riad and Kevin Timothy Swanson, Admin. Proc. File No. 3-15141; In the Matter of Fiduciary Asset Management, LLC, Admin. Proc. File No. 3-15140.  … Continue reading

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