by Nicholas Molina | Jul 6, 2017 | Blog
Hedge fund Tillage Commodities filed a lawsuit last September alleging its fund administrator ignored its own security protocols when it fell for a spear phishing attack and inadvertently wired millions of dollars out of Tillage’s accounts. The fund admin has...
by Nicholas Molina | Nov 9, 2016 | Blog
Defying the polls, odds, and establishment, Donald Trump will be the next President of the United States. Wall Street is likely to experience volatility in short term as Mr. Trump represents a drastic break with the status quo and injects uncertainty into the markets....
by Nicholas Molina | Jul 6, 2016 | Blog
If you work in the investment industry, you’ve most likely heard the SEC is taking expense allocation seriously and has made it an investigative priority. You might have also heard about SEC misallocation charges resulting in settlements in the millions of...
by Nicholas Molina | Apr 1, 2016 | Blog
“A hedge fund hired us to investigate a claim of misallocation by one of its investors.” An industry consultant told us. “After a long and costly process, we discovered the investor was right; the hedge fund did over-allocate the expense in question. But we also...
by Nicholas Molina | Sep 23, 2015 | Blog
Wire fraud is seldom in news, but when it is, it serves as a reminder to a very real risk. Consider the Wall Street Journal’s coverage of Mega Metals, an Arizona business that recently lost $100,000 to wire fraud. How it happened As a scrap metal processor, Mega...
