SEC Charges Minneapolis-Based Hedge Fund Manager Steven R. Markusen with Swindling Investors and Portfolio Pumping; Funds Used to Sport Lexus

The Securities and Exchange Commission reportedly charged Steven R. Markusen, a Minneapolis-based hedge fund manager, his investment advisory firm, Archer Advisors LLC, and an accomplice, Jay C. Cope, with bilking investors in two hedge funds out of more than $1 million under the auspices of research expenses and fees. In reality the duo were using… Read more »