News / investing

SEC Charges Former Executives of Registered Investment Adviser with Fraud

The Securities and Exchange Commission today charged Robert D. Press, the former CEO of the advisory firm TCA Fund Management Group Corp.…

Archive · 2021-09-30

Historical source material. Figures, regulations and case status may have changed since the original publication. This page preserves a source excerpt for research.

Read original source

The Securities and Exchange Commission today charged Robert D. Press, the former CEO of the advisory firm TCA Fund Management Group Corp., and Donna M. Silverman, TCA’s former chief portfolio manager, for their roles in the firm’s scheme to artificially inflate the net asset values and performance results of several TCA-managed funds. The SEC previously charged TCA and another affiliated company, TCA Global Credit Fund GP Ltd. (TCA-GP), with fraud on May 11, 2020, and obtained the appointment of a receiver over those entities and the TCA funds. The SEC also previously charged two TCA executives for their roles in the alleged fraud.

Research sources & methodology

Original sources and publication references.

Community

Tell us what you are researching. We will review your request.