SEC v. Anthony Caine

Antony Caine, Anish Parvataneni, LJM Funds Management, Ltd., and LJM Partners, Ltd. allegedly defrauded investors by making false and misleading statements about the risks of LJM’s “net short” options trading strategy and LJM’s risk management practices, according to the SEC. The complaint further alleged that the misrepresentations allowed defendants to grow their assets under management, resulting in them receiving millions of dollars of compensation. In February 2018, during a large spike in market volatility, the Funds suffered more than $1 billion in trading losses, according to the complaint.

Summary generated from official Securities and Exchange Commission press release