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SEC Charges Meyer Global Management and Its CEO With Defrauding Retail Investors in Private Funds That Held Interests in SpaceX and Other Pre-IPO Securities
Source: U.S. Securities and Exchange Commission
Legal & LitigationRegulation & LegislationPrivate Markets & VentureManagement & Governance
The SEC charged private fund adviser Meyer Global Management LLC and CEO Owen E.H. Meyer with allegedly defrauding investors and MGM-managed funds in connection with investments in SpaceX and other pre-IPO companies. The action creates significant legal, regulatory and reputational risk for MGM and underscores due-diligence risks in private-market investment vehicles.
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