Veras Loses State Adviser Registration

Summary


AUSTIN, Texas (HedgeWorld.com) - Veras Investment Partners LLC, a Sugar Land, Texas, hedge fund manager involved in the mutual fund trading scandal, had its state investment adviser registrations revoked, as did two of its employees, James R. McBride and Kevin D. Larson.

The Texas State Securities Board revoked the registrations after Veras refused to comply with requests to read Veras' email, for failure to update its state ADV registration and for allowing Mr. Larson to act as an investment adviser while not officially registered.

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Extract


Veras Loses State Adviser Registration

Denise Voigt Crawford, Texas State Securities Commissioner and spokeswoman for the Securities Board, said her office...

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