Violation Tracker Individual Record

Company: 
Osiris Fund Limited Partnership and Osiris Partners, LLC
Penalty: 
$54,600,000
Year: 
2014
Date: 
June 6, 2014
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Osiris Fund, Osiris Partners and their owners were ordered to pay $7.6 million in restitution and $47 million in civil penalties in a lawsuit filed by the Bureau of Securities alleging that they fraudulently sold securities in the company while making false statements about the funds, and misusing the investors funds.

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.