A former trader at shuttered hedge fund Marinus Capital Advisors faces a $5.5 million payment as part of a settlement with the SEC over allegations of swindling investors despite being barred from the industry.
Swapnil Rege and his company, SwapStar Capital LLC, must pay back over $4.8 million as remedy, plus interest, and pay a civil penalty of $207,183, a federal judge said in a final judgment announced Thursday by the Securities and Exchange Commission. Rege must pay an additional penalty of $207,183.
The judgment ends a civil case the SEC filed in October against Rege, who agreed to a ...
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