Court Enters Final Judgment Against Massachusetts Investment Adviser and its Principal, Orders Payment of Over $1.7 Million in Illicit Gains and Penalties

The SEC announced that a federal judge in Boston, Massachusetts entered a final judgment against registered investment adviser EagleEye Asset Management, LLC, and its sole principal, Jeffrey A. Liskov in an action the Commission previously filed against them. The Commission’s action alleged that that the defendants defrauded advisory clients concerning foreign currency exchange (“forex”) trading. The Commission alleged that, as a result of this conduct, EagleEye and Liskov violated Section 10(b) [Manipulative and deceptive devices] of the Exchange Act and Rule 10b-5 [Employment of manipulative and deceptive devices] thereunder, and Sections 206(1) and 206(2) [Prohibited transactions by investment advisers] of the Advisers Act.

The Commission also alleged that EagleEye failed to maintain certain books and records required of investment advisers in violation of Section 204 [Reports by investment advisers] of the Advisers Act and Rule 204-2 [Books and records to be maintained by investment advisers] thereunder, and that Liskov aided and abetted EagleEye’s violations of these provisions.

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