
Auctus Fund Management Comments on Dismissal of SEC Case
Auctus Fund Management, LLC (“Auctus” or “the Firm”) today issued the following statement in response to the United States Securities and Exchange Commission’s (“SEC”) decision to permanently dismiss its case against Auctus, Managing Director Louis Posner, and Principal Alfred Sollami.
Al Sollami commented: “We are gratified by the SEC’s decision to dismiss the case in its entirety. This outcome reaffirms what we’ve said from the start: that Auctus and its principals have always acted in good faith and accordance with regulatory expectations. We consider this victory a full and final resolution.”
Lou Posner added: “This positive outcome confirms what we have maintained all along—that our actions were consistent with both legal and regulatory requirements. We’re pleased to move forward and remain focused on creating long-term value for our investor partners.”
About
Auctus Fund Management is a private asset management firm focused on preserving and enhancing our clients' wealth by investing in alternative investments. The firm's principals share a long history in structured investments and the capital markets. Our philosophy is to deliver returns over time that are superior to equity markets and are generally uncorrelated. We believe our strong performance is a function of our consistent investment philosophy and process which drives all our decisions.
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