{"id":3644,"date":"2016-07-23T00:00:00","date_gmt":"2016-07-23T05:00:00","guid":{"rendered":"https:\/\/stockbrokerfraudblog.blawgcloud.com\/2016\/07\/sec_charges_alreadybarred_hedg"},"modified":"2016-07-23T00:00:00","modified_gmt":"2016-07-23T05:00:00","slug":"sec-charges-alreadybarred-hedg","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-alreadybarred-hedg\/","title":{"rendered":"SEC Charges Already-Barred Hedge Fund Manager With Fraud"},"content":{"rendered":"<p>45 years after the Securities and Exchange Commission barred Thomas D. Conrad Jr. from the industry, the SEC has filed<a href=\"https:\/\/www.stockbroker-fraud.com\"> hedge fund fraud<\/a> charges against the 85-year-old Georgia man and his 55-year \u2013old son. According to the regulator, Thomas and Stuart P. Conrad bilked investors in a $10.7M hedge fund in which the older Conrad was the primary supervisory.  Also facing SEC charges are the Conrads\u2019 unregistered advisory firms: Financial Management Corporation S.R.L. and Financial Management Corporation. <\/p>\n<p>In its complaint, the SEC said that Thomas generally suspended investor payouts for over four years even though he kept issuing payouts to his son, himself, other relatives, and certain investors. The payouts included $2.3M in redemptions and monies to his wife and himself between \u201910 and \u201914, as well as approximately $444K to his son. <\/p>\n<p>The Commission said that Thomas violated federal securities law when he didn\u2019t tell investors that he had been barred from the industry over a disciplinary matter in 1971.  Offering documents, however, spoke about Thomas\u2019s extensive securities industry experience. <\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-charges-alreadybarred-hedg\/#more-3644\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>45 years after the Securities and Exchange Commission barred Thomas D. Conrad Jr. from the industry, the SEC has filed hedge fund fraud charges against the 85-year-old Georgia man and his 55-year \u2013old son. According to the regulator, Thomas and Stuart P. Conrad bilked investors in a $10.7M hedge fund in which the older Conrad [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760],"tags":[2949],"class_list":["post-3644","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","tag-hedge-fund-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Charges Already-Barred Hedge Fund Manager With Fraud &#8212; Investor Lawyers Blog &#8212; July 23, 2016<\/title>\n<meta name=\"description\" content=\"45 years after the Securities and Exchange Commission barred Thomas D. Conrad Jr. from the industry, the SEC has filed hedge fund fraud charges against &#8212; July 23, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-charges-alreadybarred-hedg\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Charges Already-Barred Hedge Fund Manager With Fraud &#8212; Investor Lawyers Blog &#8212; July 23, 2016\" \/>\n<meta name=\"twitter:description\" content=\"45 years after the Securities and Exchange Commission barred Thomas D. Conrad Jr. from the industry, the SEC has filed hedge fund fraud charges against &#8212; July 23, 2016\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Charges Already-Barred Hedge Fund Manager With Fraud &#8212; Investor Lawyers Blog &#8212; July 23, 2016","description":"45 years after the Securities and Exchange Commission barred Thomas D. 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