Regulation
SEC Seeks Institutional Investor Reps for Advisory Committee
The independent committee needs representatives of pensions and mutual funds to bolster investor protection.
The independent committee needs representatives of pensions and mutual funds to bolster investor protection.
The regulator alleges the now-defunct HyperFund was a ‘pyramid and a Ponzi scheme.’
The Nigerian businessman with claimed assets of more than $7 billion was widely reported to have been close to buying English soccer club Sheffield United.
Premium Point had inflated the value of private funds it advised by hundreds of millions of dollars to hide poor performance.
Prime Group allegedly did not disclose that $18 million in fund fees went to a firm wholly owned by its CEO.