On January 28th, the Securities and Exchange Committee (SEC) announced that QED Benchmark Management LLC and its founder/fund manager Peter Kuperman, had settled charges involving the issuance of misleading information to investors regarding strategy and past performance. The firm agreed to reimburse investors over $2.8 million in losses. The SEC claimed that QED and Kuperman allegedly avoided disclosing past trading losses to investors by mixing hypothetical and actual returns when providing the fund’s performance history. After garnering millions from investors based on these misrepresentations, the firm and Kuperman deviated from their previously stated investment strategy and placed much of the fund’s assets into a single penny stock. The SEC found both QED and Kuperman to be in violation of the Securities Exchange Act of 1934 and of the Securities Act of 1993. The SEC forced Kuperman to pay a $75,000 penalty and barred him from the industry. If you have suffered investor losses with QED Benchmark Management, please call us as soon as possible. We may be able to help you recover losses in the Financial Industry Regulatory Authority (FINRA) arbitration forum. We take cases on a contingency fee basis only, which means we do not get paid unless you recover money.
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