Infinity Q Founder Charged by SEC For Overvaluing Assets

Posted on July 12th, 2022 at 3:13 PM
Infinity Q Founder Charged by SEC For Overvaluing Assets

From the Desk of Jim Eccleston at Eccleston Law:

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. 

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

Tags: eccleston, eccleston law, sec, overvaluing

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