SEC Targets Hedge Fund Manager Over Short Sales

Law360, New York (September 14, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has ensnared a Pennsylvania-based hedge fund manager for allegedly hatching an illegal short-selling scheme which garnered more than $1.7 million for his funds.

The SEC filed a suit Thursday in a Pennsylvania federal court against Robert A. Berlacher, as well as the hedge funds and advisory firms under his control, on charges of violating registration and anti-fraud securities laws.

The Villanova, Penn. resident is accused of using unregistered securities offerings known as Private Investments in Public Equities to cover his...
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