SEC Investigation Targets Vision Capital Advisors

Law360, New York (September 22, 2010, 6:55 PM EDT) -- New York-based Vision Capital Advisors LLC acknowledged Wednesday that the U.S. Securities and Exchange Commission has launched a probe into the $700 million hedge fund and said it was assisting in the investigation.

The SEC issued subpoenas over the summer to several investment firms that have done business with Vision Capital, seeking e-mails, transaction documents and other communications between the hedge fund and the investment firms going back to 2005, Reuters reported Wednesday, citing a confidential document obtained by the news service. The hedge fund's first...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.