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Statement on Jury's Verdict in Trial of Howard Present

Stephanie Avakian, Co-Director, Division of Enforcement

Steven Peikin, Co-Director, Division of Enforcement

Oct. 6, 2017

“We are very pleased with the jury’s verdict finding Mr. Present liable for defrauding investors,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division. 

“As we proved at trial, Mr. Present perpetuated F-Squared’s admittedly false and misleading claims through statements and advertisements made to the investing public," said Steven Peikin, Co-Director of the SEC's Enforcement Division.

More information:

The SEC filed its charges against Present in federal court in Boston on Dec. 22, 2014.  After a three-and-a-half week trial, the jury deliberated for less than one day before finding Present liable on all counts.
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