Private Funds

Steven Zoernack’s first conviction for a financial crime came in 1999. His second followed eight years later when he pleaded guilty to ripping off investors, ...

Within days of an SEC action against Yorkville Advisors in 2012, the defendants filed a furious response, calling the claim of fraud “baseless,” “an egregious ...

Judge George B. Daniels of the United States District Court for the Southern District of New York granted in part and denied in part Defendants ...

Hedge fund advisers wouldn’t necessarily expect to find disclosure lessons in an SEC enforcement case that touches on the 1983 Beirut bombing that killed 300 ...

Hudson Housing Capital ($3.2B in AUM) in New York had a problem meeting deadlines, and the SEC took notice.   The adviser failed to deliver ...

The Commission’s complaint alleged that, from at least January 2013 through December 2017, Young illegally raised at least $362, 000 from at least 32 investors. ...

The custody rule is designed to protect advisory clients from the misuse or misappropriation of their funds and securities. It requires that registered advisers who ...

Hope and Bruton managed two private hedge funds in which their only compensation was an incentive fee, calculated as a share of the profits earned ...

Cushing, on behalf of a hedge fund it managed, sold 1,565,786 units of a publicly traded master limited partnership (“MLP”) to a closed-end fund and ...

Shortly after his release from prison, Earls formed an investment adviser entity and hedge fund and began soliciting investors. From 2015 through 2018, in connection ...