In the Matter of Equinox Fund Management, LLC Admin. Proc. File No. 3-17057
Oct. 6, 2022
On January 19, 2016, the Commission instituted and simultaneously settled cease-and-desist proceedings against Equinox Fund Management, LLC (“Respondent”) (the “Order”). The Commission found that, from 2004 through March 2011, the Respondent violated federal securities laws by material misstatements and omissions in the offer and sale of unites in the Frontier Fund, a publicly registered managed futures fund with multiple series. The Commission ordered the Respondent to pay $6,000,067.00 in disgorgement and prejudgment interest (collectively, the “Disgorgement Fund”). The Commission further ordered the Respondent to pay a $400,000.00 civil money penalty to be sent to the United States Treasury.
The Order provides for the Respondent to deposit the Disgorgement Fund into an escrow account, acceptable to the Commission staff. The Respondent is responsible for distributing the Disgorgement Fund in accordance with the Order. Tax compliance and any related administrative expenses are the responsibility of the Respondent. The Order requires that the Respondent submits to the Commission staff a final accounting and certification of the disposition of the Disgorgement Fund by January 31, 2017. See the Commission’s order: Release No. 34-76927.
October 14, 2016, the Respondent distributed a total of $6,000,067.00 to harmed investors pursuant to the Order.
The distribution is complete and the Commission has approved the Respondent’s final account. On May 11, 2020, the Commission issued an order transferring the remaining $982,686.50, and any funds returned to the Disgorgement Fund in the future to the U.S. Treasury and terminating the Disgorgement Fund. See the Commission’s Order: Release No. 34-88849.
For more information, please contact the Commission:
Office of Distributions