Violation Tracker Individual Record

Company: 
Black Diamond Capital Appreciation Fund, L.P. et al.
Penalty: 
$2,500,000
Year: 
2015
Date: 
June 10, 2015
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The Black Diamond investment management companies along with their owner, were ordered to pay $2.5 million by the Bureau of Securities, who found that the companies misrepresented the investments they sold and misused investors' funds. There was a parallel federal investigation that had filed criminal and civil charges.

Level of Government: 
state
Action Type: 
agency action
Agency: 
New Jersey Bureau of Securities
Civil or Criminal Case: 
civil
Facility State: 
New Jersey
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.