Action against Defendants, an investment adviser and her fund, in connection with operating an investment advisory fraud. According to the SEC, Defendants represented to investors that Defendant adviser would invest their money in publicly traded securities through trading strategies that provided consistent high returns. The SEC alleges that Defendant adviser made very few investments in those trading strategies, and instead used investor money to repay other investors and for personal expenses. The SEC further alleges that Defendants disseminated false statements touting positive returns and fabricated documents in an attempt to inflate Defendant fund’s assets.

SEC Complaint 

SEC Press Release