Dispute
cmdty fx repo real
estate
short
term
loans
equity fx  ir  cmdty note

Incident

Incident
Visium Sham U Turn Quotes
Incident Summary
SEC Charged A New York Hedge Fund Manager with overvaluing OTC securities by 60% to 1,600% using non-binding sham U-Turn quotes provided at the manager's requested price.
Alleged Loses:
Unknown
Date
Nov 14, 2016
Post Madoff
Yes

Red Flags

Red Flag Summary
Unregistered Cayman Islands-based fund. Falsely Inflate The Value Of Securities
Ten12 Red Flags
Other Red Flags
Ten12 Security prices
Investment Advisor Analysis
Fund Vendor Analysis
Non Registered Funds

Fund(s)/Portfolio(s):

Visium Credit Opportunities Fund

LP

Visium Credit Opportunities Offshore Fund

Ltd

Vendors

Accountant

Custodian Bank

Fund Administrator

Pricing Vendor

Prime Broker(s)

-

-

-

-

-

Entity

Fined Entity

Fines & Penalties

- Steven Ku,VISIUM ASSET MANAGEMENT, LP,Lumiere,Johnston ,Plaford

- $11,472,575