Articles Tagged with Premium Point Investments

AdobeStock_198259345-300x200Stoltmann Law Offices is interested in speaking to those investors who may have been recommended Premium Point Investments, LP by their investment advisor. The Securities and Exchange Commission (SEC) announced that it has charged the New York-based company with inflating the value of private funds it advised by over $200 million. The SEC also charged Premium Point’s CEO Anilesh Ahuja and Amin Majidi, a former partner and portfolio manager at the firm, in the same complaint. According to the complaint, Premium Point described itself as focused on investment opportunities in securities, mortgages, loans, real property, and consumer receivables. The SEC alleged that it ran a scheme from at least September 2015 through March 2016 by inflating the value of its portfolio to hide the poor performance. The fund also allegedly engaged in secret deal where, in exchange for sending trades to a broker-dealer, Premium Point received inflated broker quotes for certain mortgage-backed securities (MBS). Premium also allegedly used mid-point valuations that further inflated the value of securities. This was all done by the fund and its heads to make the holdings appear more attractive to potential investors, and to discourage clients from withdrawing funds. The SEC sued Premium Point in May of this year. Premium Point Investments offerings include the following:

Premium Point Credit Fund, LP

Premium Point ERISA Offshore Mortgage Credit Fund, LTD

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