Action against Respondent, an investment advisor and sole owner of an investment fund, in connection with alleged misappropriation of investor funds.  The SEC alleges that Respondent made material misrepresentations regarding fund performance and management fees to investors and in his disclosures, and used investment funds for personal expenses.  Respondent has agreed to pay disgorgement of $121,026.49, prejudgment interest of $20,417.35, and a civil penalty of $160,000.

SEC Order

SEC Press Release