One result of Quantitative Easing has been search for better investment returns. Rediscovery of inflation by Federal Open Market Committee of Federal Reserve Board of Governors has resulted in increases in federal fund rate, but investors have been bold in placing bets.
The company and its portfolio manager Ashish Negandhi, who was also penalized, allegedly misinformed investors about delinquency rates in a 2018 fix-and-flip securitization.
The Securities and Exchange Commission today charged Atlanta-based Angel Oak Capital Advisors LLC and its portfolio manager Ashish Negandhi with misleading investors about the firm’s fix-and-flip loan securitization’s delinquency rates. Angel Oak and Negandhi have agreed to settle charges and pay a penalty of $1.75 million and $75,000, respectively, the SEC said.
Angel Oak Capital Advisors has agreed to pay $1.75 million to settle charges brought by the SEC alleging that the company misled investors about the delinquency rates in a 2018 private-label securitization involving fix-and-flip loans.