
Regulation
Former CIO Charged With Overvaluing Funds by $1 Billion
Infinity Q Capital Management’s James Velissaris allegedly pocketed nearly $27 million in ill-gotten fees
BlockFi settles charges that it misled investors about the level of risk involved in its interest-bearing accounts.
CEO Manish Lachwani allegedly falsely inflated the software firm’s revenue by $800 million.
The regulator gave $564 million to 108 tipsters, while distributing $521 million to harmed investors.
The regulator says it is ‘intently focused on SPAC merger transactions.’