Skip to main content

As we’ve discussed, for most of Jay Clayton’s tenure as chairman, the Securities and Exchange Commission’s modus operandi has been to, well, not, whenever possible, especially when it came to those meddling whistleblowers. Now, however, SECers are unable to use that good federal wifi to play Fortnite or take boozy three-hour lunches at taxpayer expense or whatever else it was they were doing while not enforcing things or collecting fines or lackadaisically having a quick rifle through an alleged hedge fund’s papers, and so they’ve decided to, you know, actually do their jobs. And wouldn’t you know it but those usually annoying whistleblowers were totally on to something at TCA Fund Management?

The Securities and Exchange Commission today filed fraud charges against Florida-based investment adviser TCA Fund Management Group Corp. (TCA) and its affiliate, TCA Global Credit Fund GP, Ltd. (TCA-GP), for an alleged fraudulent scheme conducted by TCA to inflate asset values and performance returns of funds it managed.

Looks like those whistleblower stimulus payments are going up again.

SEC Charges Florida Investment Adviser with Fraud [SEC]


(Getty Images)

So Maybe The SEC Does Need Whistleblowers’ Help?

One soon-to-be-defunct hedge fund was doing all sorts of allegedly improper accounting while the regulator watched.

By Chris Potter (Flickr: 3D Judges Gavel) [CC BY 2.0], via Wikimedia Commons

Older Brother Sells Out Younger Brother In Alleged Crypto Hedge Fund Fraud, But Notes That Real Villain Is SEC

If they’d just unfreeze those assets, his little bro would quickly get them back to his alleged victims, he’s pretty sure.

(Getty Images)

SEC Charges Alleged Mastermind Of Made-Up Stuff With Fraud

According to the authorities, when Eric Malley wasn’t pontificating on cryptos, he was conjuring imaginary real estate investment funds.


Hotlanta A Hotbed Of Hedge Fund, Private Equity Fraud

Allegedly. What I can tell you from on-the-ground reporting is that it is also very, very hot in a literal sense.


If You’re Gonna Inflate Valuations, Best To Avoid The ‘Impossible’

Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. Then it’s fine.


Always Have A Better Plan B Than Asking To Go To The Bathroom And Just Not Coming Back

Because the SEC and Justice Department? Yea, they’re gonna come back.

(Getty Images)

$15 Million Escrow Account Enough To Make $410 Million Fraud Allegations Go Away

There may be less than meets the eye in the SEC’s case against p.e. firm StraightPath Venture Partners.