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Saturday, June 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Freezes Hedge Fund’s $550 Million

FORT MYERS, Fla. (CN) - The SEC has frozen the assets of Founding Partners Capital Management, a Naples, Fla.-based hedge fund. The SEC also sued the firm's founder and owner, William L. Gunlicks, "to protect and preserve approximately $550 million of investor assets the defendants have placed at risk," according to the federal complaint.

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