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From October 2017 until finally October 2018, the AWC Letter continues, Mr. Page dispersed marketing components that contained materially inaccurate information “to greater than two dozen possible traders.” On top of that, he allegedly “exchanged e-mail with a number of prospective investors in which he affirmed the precision with the Grasp Fund’s effectiveness final results as established forth from the Feeder Fund’s promoting supplies.” FINRA states that traders inside the Feeder Fund created “7 unique investments… totaling approximately $one.
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Especially, Page distributed marketing and advertising elements for your hedge fund he formed to more than 24 prospective investors. The advertising material bundled overall performance quantities that significantly overstated the historic level of return.
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