Press Releases
 
Former hedge fund manager Gad Grieve torpedoed by rogue investor

, 16 September 2018 -- Hedge Fund Manager Gad Grieve was torpedoed by a single investor, when the investor fed fabricated information to the SEC.

As traders revel in booming financial markets, many investors have probably forgotten about the bleak days of the 2008 crash. Even titans such as Lehman Brothers, Merrill Lynch, Freddie Mac and Royal Bank of Scotland took the fall.

Gad Grieve, a former hedge fund manager, was not free from the shrapnel which shrouded Wall Street. Grieve closed shop in about 2008. About a year later, the SEC brought a civil action against him. Sources close to the event, say that regulators took action against Grieve after a single investor submitted false reports and claims to the SEC. Illiquid conditions in the market had forced Gad Grieve to invoke a lockup on redemptions, often a standard clause in hedge fund agreements. In the hope of persuading Grieve to capitulate, the rogue investor sought the assistance of the SEC, bombarding regulators with fabricated allegations about the hedge fund manager.

Others say that the SEC's action against Gad Grieve was a fallout from Madoff. When regulators missed all the warning signs of the Madoff debacle, the agency was determined to regain its reputation. Practitioners like Mark Cuban and Gad Grieve became scapegoats, targeted because they were active players in the market. One trader said, “They just happened to be at the wrong place, at the wrong time. It could have been anyone.” Ironically, Grieve lived a life which was not consistent with the Wall Street stereotype. He was know for his modest lifestyle, a contrarian who didn’t walk to the beat of Wall Street excess.

Former traders on Wall Street bemoan the fact that Cuban and Grieve were victims of an agency which had been badly directed. Many believe that the appointment of a new

SEC chairman Jay Clayton, has brought light and improved confidence in Wall Street. The agency is no longer burdened with the struggle of regaining its reputation and acquiring regulatory metal. The SEC has since focused its efforts on bringing real culprits to book. Joss Greenberg, long time veteran of Wall Street, said, “It’s like a breath of fresh air in spring. The new mood and confidence in markets has definitely added." For more visit https://medium.com/@bestlaserprinter2017/mark-cuban-and-gad-grieve-sec-filings-were-consequence-of-sec-overreach-81a9e470025

# # #


Submitted by Kyle Crum on Sunday, 16 September 2018 at 7:24 PM
Category: Business
 
Related News

Global Fluorite Market Research Report 2018
Tuesday, 25 Sep 2018

Equity Research Report Ways2Capital 25 Sep 2018
Tuesday, 25 Sep 2018

What are SARMs?
Tuesday, 25 Sep 2018

Important Characteristics and Qualities of a Branded Executive Letterhead Fayre
Tuesday, 25 Sep 2018

Free Trial - Adult Phone Chat
Tuesday, 25 Sep 2018

Related Events

Africa Fertilizer Agribusiness Conference 2018
Monday, 24 Sep 2018

Insurance Analytics Canada Summit, 2018, Toronto
Tuesday, 25 Sep 2018

LEAP HR: Financial Services
Tuesday, 25 Sep 2018

AI Tech World 2018, Exhibition And Conference
Tuesday, 25 Sep 2018

The Lawyer Business Leadership Summit in association with Propero
Tuesday, 25 Sep 2018

Latest News

Active Grow Launches 40W 4FT LED Grow Light Fixture for Microgreens & Tissue Culture
Tuesday, 25 Sep 2018

Rice Market Poised for Steady Growth in the Future
Tuesday, 25 Sep 2018

Global Fluorite Market Research Report 2018
Tuesday, 25 Sep 2018

Key Facts About the Ready to Eat Snacks Market: Read More Below
Tuesday, 25 Sep 2018

Equity Research Report Ways2Capital 25 Sep 2018
Tuesday, 25 Sep 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Tuesday, 25 September 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Imaging In Hawaii
  • 2nd Safety Labeling and Packaging Summit
  • Medical Affairs Strategic Summit (MASS) West 2018
  • Chemical Development and Scale-Up, Prague, Czech Republic
  • Africa Fertilizer Agribusiness Conference 2018

  • Latest Jobs
    Sorry, there are currently no entries posted here.