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SPAC losses on the rise according to the WSJ

SPAC deals are swiftly falling from grace as $75 billion of value has evaporated in just six months, according to a Wall Street Journal report. The collective value of 137 deals that closed by mid-February has plunged 25% since the start of the year, totaling $75 billion in lost value, according to the Journal, citing a […]

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Infinity Q Investor Losses Mount

New York investment firm Infinity Q Capital Management LLC is liquidating its hedge fund as the fallout from a U.S. regulatory probe into its valuation practices In January, Infinity Q reported that it managed over $3 billion in assets. It was forced to liquidate its mutual funds after the SEC found that chief investment officer […]

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SEC Obtains Emergency Relief, Charges Two Florida Companies and Their Principal Officer with Operating a Ponzi Scheme

The Securities and Exchange Commission announced that it filed an emergency action and obtained a temporary restraining order, an asset freeze, and the appointment of a receiver to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Coral Springs, Florida resident Johanna M. Garcia and two entities she controls. According to the […]

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Court Enters Judgments Against Investment Adviser Firm and Owner for Undisclosed Compensation Practices

On July 6, 2021, a federal district court in Connecticut entered final judgments against investment adviser Westport Capital Markets, LLC and its sole owner, Christopher E. McClure. The judgments order that Westport Capital and McClure are jointly and severally liable for disgorgement of $632,954, along with $187,807 in prejudgment interest, for a total disgorgement and […]

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Strategic Student & Senior Housing Trust, Inc. Investor Losses

Strategic Student & Senior Housing Trust, Inc.  is a public, non-traded REIT focused on student and senior housing. SSSHT was first marketed to investors in 2017 through a private placement and went public in May 2018, raising about $110 million from investors.  SSSHT advertises that it is intended to provide “stability, diversification, income, and potential […]

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