Infinity Q Founder Charged by SEC For Overvaluing Assets
From the Desk of Jim Eccleston at ÍøÆØ³Ô¹Ï:
Infinity Q, a registered investment adviser with the Securities and Exchange Commission (SEC), oversaw a now-shuttered mutual fund, the Infinity Q Diversified Alpha Fund, as well as a parallel hedge fund, the Infinity Q Volatility Alpha Fund.
The SEC has charged the founder of Infinity Q, James Velissaris, with conducting a fraudulent scheme between February 2017 and February 2021. According to the SEC’s complaint, “Velissaris engaged in a fraudulent scheme to overvalue assets held by the Infinity Q Diversified Alpha mutual fund and the Infinity Q Volatility Alpha private fund.”
Velissaris additionally touted the mutual fund as an opportunity for retail investors to utilize investment strategies often reserved for high-net-worth clients, according to the SEC. The SEC’s complaint seeks disgorgement of gains and other civil penalties.
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Tags: eccleston, eccleston law, sec, overvaluing






