Monday, February 1, 2016

SEC News - Investor Losses, Overcharged Fees, and Whistleblower Award

Hedge Fund Manager Agrees to Reimburse Investor Losses
A Manhattan-based investment advisory firm and its Toronto-based hedge fund manager have agreed to settle charges that they misled investors about a fund’s investment strategy and historical performance. They will reimburse investors $2.877 million in losses.

Ocwen Paying Penalty for Misstated Financial Results
Ocwen Financial Corp. has agreed to settle charges that it misstated financial results by using a flawed, undisclosed methodology to value complex mortgage assets.

Alternative Fund Manager Overcharged Fees, Misled Investors
A Denver-based alternative fund manager has agreed to settle charges that the firm overcharged management fees and misled investors about how it valued certain assets.

SEC Awards Whistleblower More Than $700,000 for Detailed Analysis
The SEC announced a whistleblower award of more than $700,000 to a company outsider who conducted a detailed analysis that led to a successful SEC enforcement action.

Goldman Sachs Charged With Improper Securities Lending Practices
Goldman, Sachs & Co. has agreed to pay $15 million to settle charges that its securities lending practices violated federal regulations.



The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including the defense of enforcement actions. We represent investors, financial professionals and investment firms, nationwide. For more information call 212-509-6544 or send an email.
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