The Securities and Exchange Commission (SEC) recently announced that a
Denver-based alternative fund manager has agreed to settle charge against
it. The SEC had made allegations that the firm overcharged and misled
investors regarding management fees and how the firm valued various assets.
According to the SEC, Equinox Fund Management LLC was calculating management
fees in a manner that differed from the methods described to investors
in a managed futures fund called the Frontier Fund (TFF).
As part of the settlement agreement, Equinox is to refund roughly $5.4
million to investors to cover the excessive management fees that the firm
collected over 7 years. The firm was also assessed a $400,000 penalty
and $600,000 in prejudgment interest.
If you lost money while with Equinox Fund Management LLC, contact Meyer
Wilson today. Our securities fraud attorneys can help you recover the
losses you’ve suffered. Schedule your
free consultation to discuss your options with us and learn how we may be able to help you.