{"id":79610,"date":"2021-10-11T00:40:45","date_gmt":"2021-10-11T04:40:45","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=79610"},"modified":"2021-10-11T00:39:10","modified_gmt":"2021-10-11T04:39:10","slug":"sec-obtains-emergency-relief-freezing-assets-and-halting-an-alleged-ongoing-investment-advisory-fraud","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2021\/sec-obtains-emergency-relief-freezing-assets-and-halting-an-alleged-ongoing-investment-advisory-fraud.html","title":{"rendered":"SEC Obtains Emergency Relief Freezing Assets and Halting an Alleged Ongoing Investment Advisory Fraud"},"content":{"rendered":"\n<p>(HedgeCo.Net)  According to the SEC&#8217;s complaint, filed on September 30, 2021 in the United States District Court for the Central District of California, <strong>Ron Harrison<\/strong> fraudulently collected over <strong>$900,000<\/strong> in performance and other fees from twenty-two clients since 2016. The complaint alleges that Harrison collected these fees based on purported gains from his option trading in the clients&#8217; brokerage accounts when, in fact, almost all of the clients suffered substantial losses from Harrison&#8217;s trading. The complaint also alleges that Harrison touted to his clients his experience as a Wall Street trader, but misleadingly failed to disclose that FINRA had barred him from associating with any member. The complaint also names Harrison&#8217;s company, Global Trading Institute, LLC, as a defendant for allegedly participating in Harrison&#8217;s fraud and names his girlfriend, Irina Parfyonova, as a relief defendant for allegedly receiving from Harrison more than $279,000 in proceeds from the fraud.<\/p>\n\n\n\n<p>On September 30, 2021, the district court granted the SEC&#8217;s request for a temporary restraining order against Harrison and his company. The court&#8217;s order freezes the assets of Harrison, Global Trading Institute, and Parfyonova, and orders them to provide an accounting, among other relief. The court set a hearing on the SEC&#8217;s motion for a preliminary injunction extending the emergency relief through the conclusion of the case for October 14, 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(HedgeCo.Net) According to the SEC&#8217;s complaint, filed on September 30, 2021 in the United States District Court for the Central District of California, Ron Harrison fraudulently collected over $900,000 in performance and other fees from twenty-two clients since 2016. The [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,16,3,16048,16047],"tags":[],"class_list":["post-79610","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news","category-insider-trading-2"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=79610"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79610\/revisions"}],"predecessor-version":[{"id":79611,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79610\/revisions\/79611"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=79610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=79610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=79610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}