SEC fines hedge fund advisor for inflating mortgage bond prices

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SEC Charges Investment Adviser for Inflating Hedge Fund Prices The Securities and Exchange Commission ("SEC") recently charged a Greenwich, Conn.-based investment advisory firm and its two owners with fraudulently inflating the prices of securities in the hedge fund portfolios they managed.

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Securities Law Expertise; Flat Fee Pricing. SEC Charges Hedge Fund Adviser with Deceiving Investors by. point received inflated broker quotes for mortgage- backed securities.. The SEC is also looking for permanent injunctions, return of allegedly ill-gotten gains, with interest, and civil penalties.

Gosling’s character also reminds us that only one banker (Kareem Serageldin, a senior trader at Credit Suisse, who was convicted for inflating the value of mortgage bonds) has gone to. swap” or.

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Wall Street banks are known to fiercely compete for hedge-fund clients because of the lucrative trading profits they provide. The SEC is now investigating whether some banks crossed the line to win business by offering hedge funds bogus price quotes on hard-to-value bonds, said two people familiar with the matter.

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The SEC, in cooperation with the the U.S Attorney’s Office and the FBI investigated the allegedly secret deals and brought charges against a hedge fund advisor for inflating fund performance. A summary of the case follows: The CEO and Chief Investment Officer, as well as a former partner and portfolio manager at the firm, and a former trader inflated the value of private funds it advised by hundreds of millions of dollars. How did they do it?

Chances are the adviser. hedge fund nearly collapsed the global financial system in 1998 as a result of high-risk arbitrage trading strategies. “A more recent example is the failure of rating.

Hedge fund investor demands HLSS terminate Ocwen relationship Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x Indicate by check mark if the registrant is not required to file.