Friday, 22 May 2015
Last updated 6 hours ago
Jul 30 2012 | 1:52pm ET
A China-focused hedge fund manager has settled allegations of "wide-ranging" fraud.
Peter Siris and his Guerrilla Capital Management and Hua Mei 21st Century struck a deal with the U.S. Securities and Exchange Commission to end the regulator's probe. The SEC had alleged that Siris and his firms broke a raft of securities laws, especially in his dealings with China Yingxia International.
Siris and his firms did not admit or deny wrongdoing, but agreed to pay $1.1 million to settle the allegations, which included illegal short-selling and the sale of unregistered securities.
The settlement comes as the SEC filed charges against five other people and another firm as part of its China Yingxia probe.
Siris is a well-known investor in Chinese stocks listed on Western exchanges, focusing on reverse mergers.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…