The Salt Lake Tribune – Federal regulators are suing a Utah hedge fund owner over allegations he artificially inflated assets and charged excessive fees.
Russell K. Cannon, 38, of North Salt Lake, is one of three Utahns who have been named in recent actions by the Securities and Exchange Commission. The SEC sued Cannon over allegations he fraudulently inflated a stock held by his RKC Matador Funds through trades in the last minutes of the final day of the month and by dictating the price the stock was listed at on Matador’s financial reports to clients.
