Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

SEC Charges Hedge Fund Portfolio Manager with Fraud

Posted on September 15th, 2022 at 2:55 PM
SEC Charges Hedge Fund Portfolio Manager with Fraud

From the Desk of Jim Eccleston at ÍøÆØ³Ô¹Ï.

The Securities and Exchange Commission (SEC) has charged an Oklahoma City-based hedge fund portfolio manager with defrauding investors by making unauthorized trades that caused the fund to lose at least $10 million.

The portfolio manager, Lee Bressler, worked for Carbon Master Fund between November 2016 and February 2018, according to the SEC. The SEC’s complaint alleges that Bressler falsely informed investors that the fund adhered to a conservative investment strategy that focused on capital preservation and risk mitigation. However, Bressler instead transacted several unauthorized high-risk trades in at least two undisclosed accounts that were margined against the fund’s assets, according to the SEC.

The SEC alleged that the unauthorized trades breached the fund’s stated investment mandate while exposing the fund’s assets to extreme volatility. Bressler’s unauthorized trades led to the complete loss of investor capital in the fund, which totaled more than $10 million. According to the SEC, Bressler was barred from the industry and has agreed to pay a civil penalty of $184,000.

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, sec, law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

If you find yourself in trouble with the regulators, call ÍøÆØ³Ô¹Ï, you won't regret it.

Rick R.

LATEST NEWS AND ARTICLES

1778171646 Law
May 7, 2026
FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.

1778084309 Law
May 6, 2026
FINRA Outlines Key Rulemaking Priorities and Recent Developments in Quarterly Agenda

The Financial Industry Regulatory Authority (FINRA) recently released its Quarterly Regulatory Policy Agenda, offering a detailed view of its rulemaking priorities, pending proposals, and recently approved regulatory changes.

1778000603 Law
May 5, 2026
Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.