SEC Enforcement Action: Delaware Asset Advisers and Alex Wei

This matter involves violations of federal securities laws by Delaware Asset Advisors (DAA) and Alex Wei, in connection with the structuring, sales, and marketing of a $1.6 billion collateralized debt obligation known as Delphinus CDO. Wei, the portfolio manager employed by DAA, provided inaccurate information in order to obtain Effective Date Rating Agency Confirmation, in an effort to save his reputation and monthly fees that would have otherwise been in jeopardy.

View letter in full here (links externally to SEC website).