SEC Sues Investment Adviser to Recover Unpaid Settlement Amount

Sabra Capital Partners LLC’s managing member has paid only $20,000 of the $80,000 he agreed to pay the SEC, the commission says in a suit filed Wednesday.

The US District Court for the Northern District of Illinois should enforce the administrative order that Sabra and Zvi Rhine consented to, the Securities and Exchange Commission says.

Sabra wasn’t required to pay a monetary judgment, but is subject to injunctive relief, according to the complaint. It is named as a defendant along with Rhine.

Sabra, allegedly an unregistered investment adviser, misrepresented the performance of a hedge fund that Rhine managed, the SEC ...