SEC Charges Investment Firm with Disseminating False Information to Prospective Investors and Clients

Posted on May 9th, 2017 at 9:28 AM
SEC Charges Investment Firm with Disseminating False Information to Prospective Investors and Clients

From the Desk of Jim Eccleston at Eccleston Law LLC:

Hyaline Capital Management, LLC and one of its founders, Justin D. Meadlin were charged by the SEC with defrauding prospective investors and clients. The SEC's complaint, filed in federal court in New York, charged Mr. Meadlin and Hyaline with violations of the anti-fraud provisions of the securities laws and sought injunctive relief, disgorgement and penalties.

According to the SEC complaint, Mr. Meadlin disseminated dozens of emails to prospective investors and clients in which he inflated Hyaline's assets under management (AUM). Mr. Meadlin also began touting a purported "quantitative" trading strategy and a fictitious Hyaline Capital Quantitative Fund (HCQF) in email solicitations to more than two dozen prospective investors even though the firm did not employ any quantitative strategies. 

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of securities for financial investors including Securities FraudUnauthorized TradingBreach of Fiduciary DutyRetirement Planning Negligence, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

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