Premium Point Investments LP, Anilesh Ahuja a/k/a Neil Ahuja, Amin Majidi, and Jeremy Shor Charged by SEC – Goodman & Nekvasil P.A. May Recover Investor Losses
Securities and Exchange Commission Charges Premium Point Investments LP, Anilesh Ahuja a/k/a Neil Ahuja, Amin Majidi, and Jeremy Shor
The Securities and Exchange Commission announced that it has charged New York-based investment adviser Premium Point Investments LP with inflating the value of private funds it advised by hundreds of millions of dollars. The SEC also charged Premium Point’s CEO and chief investment officer Anilesh Ahuja as well as Amin Majidi, a former partner and portfolio manager at the firm, and former trader Jeremy Shor.
According to the SEC’s complaint, the scheme ran from at least September 2015 through March 2016 and relied on a secret deal where in exchange for sending trades to a broker-dealer, Premium Point received inflated broker quotes for mortgage-backed securities (MBS). In addition, according to the complaint, the defendants allegedly used “imputed” mid-point valuations, which were applied in a manner that further inflated the value of securities. According to the complaint, this practice allegedly boosted the value of many of Premium Point’s MBS holdings and further exaggerated returns. The complaint also alleges that the defendants overstated the funds’ value in order to conceal poor fund performance and attract and retain investors.
Investors in Premium Point Investments LP May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Premium Point Investments LP, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses with Premium Point Investments LP and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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