Federal regulators are suing a Utah hedge fund owner over
allegations he artificially inflated assets and charged excessive fees,
according to the Salt Lake Trib.
Russell K. Cannon, 38, of North Salt Lake, is one of three
Utahns who have been named in recent actions by the Securities and Exchange
Commission.
The SEC sued Cannon
over allegations he fraudulently inflated a stock held by his RKC Matador Funds
through trades in the last minutes of the final day of the month and by
dictating the price the stock was listed at on Matador’s financial reports to
clients….
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