September 18, 2019
The Securities and Exchange Commission filed an emergency action against Mediatrix Capital Inc. and three of its principals for misrepresenting the profitability of an algorithmic international trading program, which the company claimed had returned “more than 1,600 percent” since its inception. According to the SEC’s complaint, the trading strategy instead consistently failed to perform, losing $18 million in 2018 alone. The company also allegedly misled investors by falsifying statements and misusing funds to pay for personal purchases, including luxury cars. The SEC estimates that Mediatrix put a total of $125 million of investor funds at risk. SEC
Tagged in: Financial and Investment Fraud, Market Manipulation and Trading Violations, Securities Fraud,