Week InReview: January 25, 2019

Twas the night after Christmas.

The day after Christmas, a hedge fund manager who made the remarkable promise that he would never lose investors' money was accused of stealing from his clients by U.S. regulators.

But then the partial government shutdown hit and the Securities and Exchange Commission's case went into purgatory, with all court proceedings put on hold.

In the ensuing weeks, one of the few SEC cops still on the beat put what seemed to be a reasonable request to the fund manager, Statim Holding's Joseph Meyer. As long as the case was stayed, would Meyer agree not to pull assets from a Statim hedge fund. Meyer refused, the regulator said in a Jan. 17 court filing.

- Bloomberg Wealth

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