A hedge fund that told investors it can't lose money is reportedly under SEC investigation
Thomson Reuters
Statim Holdings, a small Atlanta-based hedge fund firm, had previously been investigated by Georgia regulators starting in 2015.
Last summer, Bloomberg reported that Statim's investors weren't sure how the firm made its money - despite the firm reporting strong annual returns.
Statim and the firm's founder, Joseph Meyer, have not been accused of misconduct, and as is usual for SEC investigations, an inquiry doesn't necessarily mean charges will be brought, Bloomberg reported.
A lawyer representing the firm and Meyer referred Business Insider to statements he made in the Bloomberg report, where he said his clients hadn't done anything wrong.
The SEC declined a request to comment from Business Insider.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market