Parallel enforcement actions against Respondent, a former employee of an investment advisor, for alleged fraud.  According to the SEC and CFTC, Defendant mispriced interest-rate swaps and swap options to inflate the returns of funds that the advisor managed, which in turn inflated the advisor’s fees.  Respondent has agreed to pay disgorgement of $600,000, prejudgment interest of $49,170.84; and a civil penalty of $100,000 to resolve the SEC action; to pay a $100,000 civil penalty to resolve the CFTC action; and to associational and trading bars.

SEC Order

SEC Press Release

CFTC Order

CFTC Press Release