Reported 4 months ago
Mass Ave Global Inc. and co-founder Winston Feng agreed to pay a total of $600,000 in fines to settle with the US Securities and Exchange Commission for misleading statements to investors in their Asia hedge fund. The company rose and fell within four years, facing governance issues and growing to $1.2 billion in assets by 2022. The SEC found discrepancies in the fund's exposure information, prompting an internal review and eventual closure of all 16 advised funds.
Source: YAHOO