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SEC And Manhattan DA Investigate Southridge Capital

Forbes – Southridge Capital Management, a Ridgefield, Conn., hedge fund firm run by Stephen Hicks that primarily employs an investment strategy known as PIPEs, is under investigation by the Securities and Exchange Commission and Manhattan District Attorney Robert Morgenthau.

The SEC has opened an investigation into Southridge, according to two subpoenas the SEC sent in late July to companies that had received financing from the firm’s hedge funds.

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One Response to SEC And Manhattan DA Investigate Southridge Capital

  1. Karen says:

    The SEC once again is going after Southridge and Hicks with baseless claims. This new round of charges is proof that the SEC can’t take responsibility for the global crisis and have nothing better to do than take it out on a successful company. It’s also no surprise that Blumenthal’s office is involved in this case. Southridge is yet another target of the AG who wants nothing else but to heighten his political agenda.


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