Thursday, 28 August 2014
Last updated 2 hours ago
Mar 26 2010 | 4:00am ET
A hedge fund accused of defrauding investors and its manager have been ordered to pay more than $4 million in restitution and penalties.
A federal court in Atlanta has ordered Lake Dow Capital and Ty Edwards to pay nearly $2.3 million in restitution and $1.9 million in civil monetary penalties at the request of the U.S. Commodity Futures Trading Commission. The regulator accused Edwards and his firm in 2005 of fraudulently soliciting more than $26 million for his commodity hedge fund, Aurora Investment Fund, and misappropriating much of the money.
The restitution and fines come on top of more than $19 million seized from Edwards and since returned to his alleged victims.
Three years ago, the CFTC won permanent bans from participating in commodities trading against Lake Dow and Edwards.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...