July 01, 2015
AlphaBridge Capital Management, LLC, Thomas T. Kutzen, Michael J. Carino
SANCTION AMOUNT: $5,000,000
Defendants: AlphaBridge Capital Management, LLC
Thomas T. Kutzen, Michael J. Carino
Respondents are an investment advisory firm and its two owners. The Commission found that they fraudulently inflated the prices of securities in hedge fund portfolios they managed, by telling investors and the firm's auditor that they used independent price quotes from broker-dealers for certain unlisted, thinly-traded RMBS, while they had actually given these valuations - which were interally-derived - to the B-Ds to pass off as their own.
- Key Docs
- Official SEC press release