Courthouse New Services – 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. The agency sued Hicks, 52, of Ridgefield, Conn., and his companies, Southridge Capital Management and Southridge Advisors.
The three defendants defrauded customers “in three different ways,” the SEC says in its federal complaint.
