Wednesday, 28 September 2005 21:00
The U.S. Commodity Futures Trading commission (CFTC) filed a compaind against Bayou Management, LLC, a Hedge Fund manager located in Connecticut. The complaint alleges that Bayou violated the Commodity Exchange Act’s (CEA) anti-fraud and false reporting provisions. Bayou allegedly committed a slew of violations including: misappropriation of customer funds; acquiring funds through false pretenses; engaging in unauthorized trading; and, misrepresenting material facts to actual and prospective investors.
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