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Catching shareholders short, SEC lets Virtus skate with $16.5 million tax-deductible settlement after alleged 'willful blindness'

Observers say the Hartford, Conn.-based mutual fund company turned a blind eye to a fictitious track record but the SEC saw fit to mete out a not-so-big fine

Author Sanders Wommack November 4, 2015 at 7:13 PM
Admin:
no description available
George Aylward: The agreement is subject to review and approval by the Commission and therefore we cannot provide any additional information or answer any questions.

Virtus

Virtus

December 15, 2017 — 8:05 PM
Jeff Cerutti and John McCormack should both be investigated by the SEC. SEC should piece together when they knew of this fraud, how they continued to push all of the Regional Directors at Virtus to knowingly sell a fake track record, and the SEC should look at those 2 for stock gains if they sold based on insider information which could be insider trading

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