Jan
23
A Hedge Fund Got Sued by the SEC. The Shutdown Sent the Case Into Purgatory
By-
Agency alleged Statim’s Joseph Meyer lied about performance
- SEC case against him has been stalled by government’s closure
The SEC) headquarters in Washington. Photographer: Zach Gibson/Bloomberg
The day after Christmas, a hedge fund manager who made the remarkable promise that he would never lose investors’ money was accused of stealing from his clients by U.S. regulators.
But then the partial government shutdown hit and the Securities and Exchange Commission’s case went into purgatory, with all court proceedings put on hold…
A Hedge Fund Got Sued by the SEC. The Shutdown Sent the Case Into Purgatory
