SEC Settles Claims Against Fund Manager It Said Took Customer Investments

(July 12, 2024, 8:22 AM EDT) -- TRENTON, N.J. — A federal judge in New Jersey entered judgment against an investment fund and its founder that the Securities and Exchange Commission accused of running a scheme that defrauded investors of at least $3 million, after the man and the fund both agreed to the entry of a judgment against them....