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Securities And Exchange Commission v. The Nutmeg Group, LLC et al

  1. December 22, 2022

    Nutmeg Owner Gets Stricter Injunction In SEC Fraud Suit

    An Illinois federal judge has spelled out exactly what an investment adviser is forbidden to do as punishment for misleading the public about his company's investment choices and commingling investors' millions, following the Seventh Circuit's signal that a general follow-the-law order wasn't good enough.

  2. January 22, 2020

    Nutmeg Group's Ex-Compliance Chief Sanctioned Over Fraud

    A former chief compliance officer of defunct investment adviser The Nutmeg Group LLC must pay disgorgement after an Illinois federal judge said the inexperienced executive was responsible for the firm's flawed system and "literally had no idea what he was doing."

  3. October 28, 2019

    Nutmeg Group Exec On Hook For $1.3M Over Mismanagement

    An Illinois federal judge has ordered the owner of defunct investment adviser The Nutmeg Group LLC to pay nearly $1.3 million in disgorged ill-gotten gains and civil penalties plus prejudgment interest, after the U.S. Securities and Exchange Commission accused the adviser of mismanaging and misreporting investor funds.

  4. January 30, 2018

    Nutmeg Atty Says Exec Used 'Flawed,' Not Illegal, Accounting

    In closing arguments Tuesday in a case accusing defunct investment adviser The Nutmeg Group LLC's owner of mismanaging and misreporting investor funds, the U.S. Securities and Exchange Commission told an Illinois federal judge that Randall Goulding understood the nature of his conduct, while Goulding argued the SEC did not prove that.

  5. January 22, 2018

    Nutmeg Owner Insists He Worked In Funds' Best Interests

    The founder of now-defunct investment adviser The Nutmeg Group LLC accused of keeping bad investment records and inflating fund values testified Monday that although he hired his family to help run the company and acted as the principal decision-maker on most matters, he didn't think he was violating any duties or securities rules in his operation.

  6. January 19, 2018

    Investors Paid Inflated Fees To Nutmeg, SEC Expert Says

    Fund investors of defunct investment adviser The Nutmeg Group LLC who paid more than $1 million in fees to the company did so based on the inflated value of company investment funds, an expert retained to review some of the company's fund valuations testified Friday.

  7. January 16, 2018

    Nutmeg's Problems Were Extensive, SEC Accountant Testifies

    A U.S. Securities and Exchange Commission official who helped examine defunct investment adviser The Nutmeg Group LLC's investment records said Tuesday he'd never seen as many systemic problems with a newly registered entity as he found in Nutmeg.

  8. December 01, 2017

    Nutmeg Group Says SEC Disgorgement Demand Is A Penalty

    The father and son who ran defunct investment advisory outfit The Nutmeg Group LLC asked an Illinois federal judge on Thursday to toss disgorgement claims against them in a suit brought by the U.S. Securities and Exchange Commission alleging improper asset transfers, saying the SEC's demand is really an illegal penalty.

  9. April 28, 2017

    Some Expert Testimony Allowed In SEC Funds Transfers Suit

    An Illinois federal judge on Friday told the expert witnesses in the U.S. Securities and Exchange Commission's funds tranfers suit against defunct investment advisory outfit The Nutmeg Group LLC that they can stay on the case if they keep their testimony in the lines.

  10. July 21, 2016

    SEC Fights Testimony Exclusion In Investment Co. Suit

    The U.S. Securities and Exchange Commission is defending its proposed witnesses in a suit against defunct investment advisory outfit The Nutmeg Group LLC over undisclosed funds transfers, telling an Illinois federal court on Wednesday they are more than qualified.

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