U.S. Securities & Exchange Commission
SEC Seal
Home | Previous Page
U.S. Securities and Exchange Commission

WG Trading Investors, L.P., et al.

On February 25, 2009, the SEC obtained a temporary restraining order and asset freeze against Paul Greenwood and Stephen Walsh as well as against their companies, WG Trading Investors, L.P., an unregistered investment entity; WG Trading Company, Limited Partnership, a registered broker-dealer and Westridge Capital Management, Inc., a registered investment adviser.

According to the complaint, Greenwood and Walsh solicited a number of institutional investors, including educational institutions and public pension and retirement plans, by promising to invest their money in an "enhanced equity index" strategy. Instead of investing the money as promised, the SEC alleged that Greenwood and Walsh misappropriated as much as $554 million of the $667 million invested. The SEC also alleged that Greenwood and Walsh provided investor funds to their spouse and ex-spouse, who the SEC named as relief defendants.

For more information about the SECís action, you can read Litigation Release No. 20912 (Feb. 25, 2009).

The Court also appointed Robb Evans & Associates LLC as temporary Receiver over the three entity defendants. For more information about Receivership, you can visit the Receiverís website.

http://www.sec.gov/divisions/enforce/claims/wgtrading.htm


Modified: 07/06/2009
/