(Bloomberg) -- The Commodity Futures Trading
Commission is asking a U.S. court to hold the Chicago-based hedge
fund, Lake Shore Asset Management Ltd., in contempt of court for
not providing documents.
The commission filed a complaint last month against Lake
Shore, run by a former chairman of the Chicago Mercantile
Exchange, alleging that management overstated its assets, gave
inconsistent statements to regulators, and refused to make
documents available. A federal court froze $228 million of
investor money at the fund based on the complaint.
Read more at Bloomberg Energy News
Commission is asking a U.S. court to hold the Chicago-based hedge
fund, Lake Shore Asset Management Ltd., in contempt of court for
not providing documents.
The commission filed a complaint last month against Lake
Shore, run by a former chairman of the Chicago Mercantile
Exchange, alleging that management overstated its assets, gave
inconsistent statements to regulators, and refused to make
documents available. A federal court froze $228 million of
investor money at the fund based on the complaint.
Read more at Bloomberg Energy News
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