WASHINGTON (HedgeWorld.com)–The Securities and Exchange Commission is scheduling public administrative hearings against hedge fund managers Paul J. House and Brandon R. Moore.
The proceedings are based on the injunction filed on June 20 in the case of the SEC v. House Asset Management LLC . In June, the SEC got an order of permanent injunction and froze the assets of House Asset Management and House Edge LP, the hedge fund managed by Messrs. House and Moore. The pair allegedly raised US$2.9 million from at least 60 investors through an unregistered offering of units in the House Edge fund.
Messrs. House and Moore both consented to an order that permanently prevents them from violating specific securities laws without admitting or denying the commission’s allegations, the SEC announced.