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Securities & Exchange Commission v. Auctus Fund Management, LLC et al
Case Number:
1:23-cv-11233
Court:
Nature of Suit:
Judge:
Firms
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June 20, 2025
SEC Axes 3 More Dealer Suits In Continued Policy Shift
The U.S. Securities and Exchange Commission has voluntarily dismissed three lawsuits accusing a hedge fund and two penny stock traders of operating as unregistered securities dealers, continuing the new Republican leadership's shift away from pursuing cases that defendants argued unlawfully expanded agency oversight.
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March 13, 2025
SEC Drops Dealer-Registration Case Criticized By Hedge Fund
The U.S. Securities and Exchange Commission is dropping its claim that a Boston hedge fund should have registered as a broker-dealer, abandoning a case that the defense had argued overstepped the law and would subject more firms to federal oversight.
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July 22, 2024
Boston Fund Can't Duck SEC's Unregistered Dealer Case
A Massachusetts federal judge on Monday kept alive U.S. Securities and Exchange Commission allegations that Boston investment firm Auctus Fund violated securities laws by failing to register as a broker-dealer when harvesting deeply discounted shares of cash-strapped public companies through debt agreements.
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June 02, 2023
Boston Fund's Debt-To-Stock Plays Broke Rules, SEC Says
Boston investment firm Auctus Fund broke securities laws by harvesting deeply discounted shares of cash-strapped public companies through debt agreements that helped the hedge fund make more than $100 million in profit over nearly a decade, according to the U.S. Securities and Exchange Commission.