Search results
- The SEC said Hicks falsely valued Southridge's largest holding, speech recognition company Fonix Corp, at $30 million or more based almost entirely on a 2004 transaction in which Fonix bought two companies from an entity he controlled.
www.reuters.com › article › idUSTRE69O4O9
Stephen Hicks and his Ridgefield, CT hedge fund, Southridge Capital, were sued yesterday for multiple securities violations by the SEC and the Connecticut Banking Commissioner in Connecticut...
Oct 25, 2010 · The SEC further alleges that beginning in late 2003, Hicks fraudulently solicited investors to put money in new funds by telling them that the majority of their investments would be placed in unrestricted, free-trading shares (meaning shares that were available to be sold), cash, or near cash.
Oct 25, 2010 · The Securities and Exchange Commission Monday charged hedge fund manager Stephen M. Hicks and his investment advisory businesses with defrauding investors in funds managed by Southridge...
- Stephen Taub
Oct 26, 2010 · HARTFORD, Conn. (CN) – Hedge fund manager Stephen Hicks used his two unregistered hedge fund advisory companies to defraud investors “in three different ways,” after taking millions of dollars from them, the SEC says.
Aug 22, 2017 · The complaint alleged that Hicks, Southridge Capital, and Southridge Advisors committed fraud by placing investor money in illiquid securities when investors were told that “at least 75% of their money would be invested in unrestricted, free-trading shares.”
Oct 25, 2010 · Southridge Capital Management LLC and its Chief Executive Stephen Hicks, 52, were sued by the U.S. Securities and Exchange Commission and Connecticut Banking Commissioner Howard Pitkin over...
Oct 25, 2010 · The fund manager, Southridge Capital Management, and its chief executive Stephen M. Hicks, 52, were sued by the Securities and Exchange Commission and the Connecticut Banking Commissioner...
