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Pharmaceutical Hedge Fund Manager Gets SEC Security Violations & Fraud
Wannabe pharmaceutical hedge fund manager Martin Shkreli gets charged with several violations from the SEC. Martin gets charged with violations of the 1933, 1934, 1940, and Exchange Act. Hedge fund manager made several mistakes and tried to hide them. Some of the violations include: Misappropriation of moneys for food, clothing, medical, office rent, and cash…
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CFTC Imposes Monetary Penalty/Permanently Bars Garen Ovsepyan, Sharpe Signa and Haeres Capital
The CFTC ordered a monetary penalty and permanently bans Garen Ovsepyan, Sharpe Signa LLC and Haeres Capital LLC from the commodities industry. The ban was for misrepresentation of $145 million vs $15 million assets under management (AUM). Also, the forex trading advisor was not registered as a CTA and claimed a false exemption from AUM. …