The DOJ and the SEC charged a subsidiary of an international investment adviser with defrauding investors by concealing billions of dollars of losses and misrepresenting downside risk in connection with a series of hedge funds that collapsed in March 2020.
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Beth A. Williams, Assistant Attorney General for the Office of Legal Policy, outlined several DOJ initiatives to combat elder fraud and abuse.
The SEC charged an SEC-registered investment adviser with engaging in a scheme to inflate the value of securities held by several private investment funds.
U.S. prosecutors indicted the former executive managing director of a hedge fund for investment advisor fraud in connection with certain investments in an African mining company.
The Department of Labor proposed a 60-day delay of the applicability date of the Fiduciary Duty Rule.