Fri, Jan 24, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SEC charges former Sky Bell hedge fund manager Gary Marks for misrepresentations

Tuesday, August 28, 2012

From Komfie Manalo, Opalesque Asia: The U.S. financial watchdog on Monday filed a settled civil action before the United States District Court for the Northern District of California against hedge fund manager Gary R. Marks for alleged misrepresentations in selling and recommending his hedge funds.

Gary Marks was the CEO of Sky Bell Asset Management, LLC, a U.S. alternative investment management firm with affiliated offices in Florida and Hawaii. He is also a professional rock singer-songwriter with a 30-year career in the music industry. And he co-authored an investment book called "Rocking Wall Street" in 2007.

In its complaint, the Securities and Exchange Commission (SEC) accused Marks of recommending various funds of funds through Sky Bell Asset, including the Agile Sky Alliance Fund that was co-managed with the Agile Group, PipeLine Investors, Night Watch Partners, and Sky Bell Offshore Partners.

The SEC told the court that complaint alleged that between at least 2005 and September 2007, Marks negligently misrepresented the level of corre......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. J.P. Morgan makes strategic investment in tech company for alternatives[more]

    Laxman Pai, Opalesque Asia: J.P. Morgan has taken an equity stake in Arcesium, an investment-management technology business that D.E. Shaw & Co. launched as an independent company in 2015. New York-based Arcesium LLC is an investment management technology and services firm, offering services i

  2. People: Hedge fund godfather Lord Fink to chair HSBC backed tech start-up Bud, Swiss investment boutique appoints CIO & CCO[more]

    Hedge fund godfather Lord Fink to chair HSBC backed tech start-up Bud From Standard: Hedge fund tycoon Lord Fink has been named chairman of bank software start-up Bud, which is backed by HSBC and Goldman Sachs. Fink, dubbed the "Godfather of hedge funds" for his role at Man Group, inves

  3. Legal: Hedge-fund Felon hid criminal past to woo crypto investors, U.S. charges, Partners Group sued over alleged breach of non-disclosure agreements[more]

    Hedge-fund Felon hid criminal past to woo crypto investors, U.S. charges From Bloomberg: A Toronto man who served time in prison after his hedge fund collapsed later concealed his identity and criminal past to defraud investors of $30 million through an initial coin offering of digital

  4. Regulatory: Woodford fund shows vulnerable side of shadow banking, regulator says, A new framework for Cayman's regulatory regime for investment funds[more]

    Woodford fund shows vulnerable side of shadow banking, regulator says From Reuters: The closure of the Woodford fund in Britain showed how the $184 trillion shadow-banking sector can be vulnerable even in normal market conditions, the Financial Stability Board (FSB) said in a report on

  5. Legal: Vista Equity sued by portfolio company founder, Appeal court's rush on insider trading decision will hurt Wall Street[more]

    Vista Equity sued by portfolio company founder The founder of a Vista Equity Partners Management portfolio company is accusing the private-equity firm of fraud in a lawsuit he filed last week. Brad Perry, the founder of an automotive software company called DealerSocket, filed a sui