March 30, 2017

Clayton A. Cohn

Offering Fraud

SANCTION AMOUNT: $1,556,488.11

Defendants: Clayton A. Cohn

Chicago-based scheme by a former marine who orchestrated a hedge fund investment scheme through his investment adviser, Marketaction Advisors, LLC, in which he raised nearly $1.8 million from investors by lying about his success as a trader, the performance of the hedge fund, his use of investor proceeds, and his personal stake in the hedge fund. In reality, he misappropriated more than $400,000 of investor funds for personal use and lost all or nearly all of the rest in trading, which he concealed in phony account statements.

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