NY Court Slaps Hedge Fund Operators with $1.0 Million Fine

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NY Court Slaps Hedge Fund Operators with $1.0 Million Fine

Postby kreslik.news » Wed Nov 14, 2018 7:49 pm


The top U.S. futures market regulator on Thursday announced that it received a New York federal judge’s blessing to fine operators of Algointeractive hedge fund more than $1 million for fraud and failing to register with the CFTC.

The charges stem from an incident in April 2018, when the CFTC says Algointeractive misrepresented its founders’ experience, track record, and amount of assets under management.

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The complaint also charges Kevin Whylie and Matthew Zecchini, both are NY residents, with making a series of materially false claims through various means, including a website, social media, newsletters and ... (read more)

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