|
|
|
|
Hedge Fund Manager Michael Higgins Charged Securities Fraud
The SEC has alleged that Michael Higgins, who runs investment advisory firm Ballybunion Capital Associates, lied to investors about the performance of his hedge fund in raising $7.6 million. Higgins told investors that the fund’s 1998 return was 40% when, in truth, it lost money.
Higgins allegedly forged reports of the fund’s clearing broker as well as the fund’s auditors. The SEC moved to freeze the assets of the firm.
Source: Wall Street Journal, June 15, 2000
|
About Us
|
News
|
Alerts
|
Articles
|
SNSFE News
|
Calendar
|
Contact
|
Search
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
|
