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SEC Charges Hedge Fund with Portfolio-Pumping

September 8, 2014 by Ryan Boysen

The SEC on Monday filed charges against a Minneapolis-based hedge fund manager, his investment advisory firm and an employee for portfolio pumping and bilking investors in two hedge funds out of more than $1 million, officials say. As management fees earned by Archer Advisors LLC were dwindling due to the funds’ poor performance, the SEC… Read More >>

Filed Under: General Interest, AML/Fraud/Financial Crime, Industry News Tagged With: Archer Advisors LLC, CYBE, fraud, Hedge fund, Jay C. Cope, Minneapolis, portfolio pumping, research, Securities and Exchange Commission, Steven R. Markusen

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