SEC charges NY and TX fund advisors

The Securities and Exchange Commission has charged a New York-based investment adviser, Premium Point Investments LP, with inflating the value of private funds it advised by hundreds of millions of dollars.  The SEC also charged Premium Point’s CEO and chief investment officer, Anilesh Ahuja, and Amin Majidi, a former partner and portfolio manager at the firm, and former trader Jeremy Shor.

In a separate action, the SEC charged Mario Hinojosa and his wholly-owned municipal advisor, Barcelona Strategies, LLC, with misrepresenting their municipal advisory experience and failing to disclose conflicts of interest to a south Texas school district in connection with multiple municipal bond offerings.