SEC Litigation: Portfolio Manager Ordered to Pay $11.2 Million, Prohibited From Managing Others' Money
November 23, 2024
November 23, 2024
WASHINGTON, Nov. 23 -- The Securities and Exchange Commission issued the following litigation release (No. 20-civ-076; W.D. Wisc. Filed Jan. 27, 2020) involving Edward S. Walczak:
* * *
On November 19, 2024, the United States District Court for the Western District of Wisconsin entered a final judgment against Edward S. Walczak, a former mutual fund portfolio manager, for fraudulently misrepresenting to investors how he managed risk in the Catalyst Hedged Futures Strate . . .
* * *
On November 19, 2024, the United States District Court for the Western District of Wisconsin entered a final judgment against Edward S. Walczak, a former mutual fund portfolio manager, for fraudulently misrepresenting to investors how he managed risk in the Catalyst Hedged Futures Strate . . .