An Investor Has Filed a Class Action Lawsuit Against Infinit

An Investor Has Filed a Class Action Lawsuit Against Infinity Q


An Infinity Q Capital Management investor is taking legal action against the embattled firm, with the expectation that others will join in the class action lawsuit.
The complaint, filed in the Eastern District of New York on February 26, alleges that Liang Yang and other investors “suffered significant losses and damages” after Infinity Q’s chief investment officer altered the firm’s pricing models.  
The lawsuit follows news that Infinity Q would gate and liquidate certain portfolios after learning from the Securities and Exchange Commission that its CIO, James Velissaris, had intervened in the fund valuation process.
A statement on the firm’s website says it independently verified the SEC’s findings and that Velissaris has been “relieved of his duties.” 

Related Keywords

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