SEC Takes Swipe At Hedge Fund

Law360, New York (December 21, 2005, 12:00 AM EST) -- The Securities and Exchange Commission filed an emergency enforcement action Wednesday against an allegedly fraudulent hedge fund, seeking to prevent it from looting its customers' investments.

The regulatory agency’s complaint targets New Jersey-based HMC International LLC, fund manager Robert M. Massimi and trader Bret A. Grebow. It was filed in the U.S. District Court for the Southern District of New York.

Massimi, whose wife was named as a relief defendant, has appeared as an expert fund manager on both Bloomberg News and CNN Financial.

The pair...
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