SEC Obtains Final Judgment as to Fund Manager Who Misappropriated Investor Money
May 15, 2026
May 15, 2026
WASHINGTON, May 15 -- The Securities and Exchange Commission issued the following litigation release (No. 5:24-cv-01524; C.D. Cal. filed July 22, 2024) involving a fund manager who misappropriated investor money:
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On May 7, 2026, the U.S. District Court for the Central District of California entered a final judgment as to fund manager Robert Newell in the SEC's civil enforcement action against him.
The SEC's complaint, filed on July 22, 2024, . . .
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On May 7, 2026, the U.S. District Court for the Central District of California entered a final judgment as to fund manager Robert Newell in the SEC's civil enforcement action against him.
The SEC's complaint, filed on July 22, 2024, . . .