SEC, CFTC Target Investment Co. For $21M In Fraud

Law360, New York (August 3, 2007, 12:00 AM EDT) -- The U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission filed two separate civil suits Wednesday against a Washington-based investment fund manager claiming the company defrauded millions of dollars from investors.

In a complaint filed in the U.S. District Court for the Western District of Washington, the SEC claimed Global Asset Partners LLP and its owner Joseph Lavin defrauded more than 100 customers out of more than $5 million. Meanwhile, the CFTC alleged in a separate complaint filed in the same court that...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.