SEC Investigates Alleged Securities Violations

The Securities and Exchange Commission launched a formal investigation pursuant to a formal order of investigation against a hedge fund manager for possible securities violations by the manager in connection with trading securities held by the fund. The firm hired legal counsel to assist in responding to the SEC’s requests over the course of a fourteen-month investigation. The SEC found no wrongdoing. Total Cost in legal fees: $5,000,000.

InsuranceSwingle Collins