Hedge Fund News From HedgeCo.Net

NY Court Slaps Hedge Fund Operators with $1.0 Million Fine

(Finance Magnates) The top U.S. futures market regulator on Thursday announced that it received a New York federal judge’s blessing to fine operators of Algointeractive hedge fund more than $1 million for fraud and failing to register with the CFTC. The charges stem from an incident in April 2018, when the CFTC says Algointeractive misrepresented its founders’ experience, track record, and amount of assets under management.

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