New York, New York (PRWEB) April 29, 2013
Zamansky & Associates LLC is investigating the Quantek Opportunity Fund LP (“Quantek Opportunity Fund”) for possible fraud towards investors. On May 29, 2012, the United States Securities and Exchange Commission (“SEC”) charged the Miami-based hedge fund adviser and related principals for the Quantek Opportunity Fund with deceiving investors about whether its executives had personally invested in a Latin America-focused hedge fund. The case is In the Matter of Quantek Asset Management LLC, Bulltick Capital Market Holdings LP, Javier Guerra and Ralph Patino, SEC Administrative Proceeding File No. 3-14893.
According to Reuters, which reported on May 29, 2012, in “SEC Says Miami Hedge Fund Quantek Misled Investors,” the Quantek Opportunity Fund had about $1 billion in assets under management at its peak, and is now in liquidation.
According to the http:// SEC’s order instituting settled administrative proceedings, Quantek, Guerra, Bulltick, and Patino settled the charges without admitting or denying the findings. Quantek and Guerra agreed jointly to pay more than $2.2 million in disgorgement and pre-judgment interest, and to pay financial penalties of $375,000 and $150,000 respectively. Bulltick agreed to pay a penalty of $300,000, and Patino agreed to a penalty of $50,000. Guerra consented to a five-year securities industry bar, and Patino consented to a securities industry bar of one year. Quantek and Bulltick agreed to censures.
Zamansky is investigating the Quantum Opportunity Fund on behalf of investors for possible fraud. The law firm has experience handling individual and class action claims involving private equity and hedge fund investments. Zamansky is currently co-lead counsel for investors in In re HARBINGER CAPITAL PARTNERS FUNDS INVESTOR LITIGATION, pending in the U.S. District Court, Southern District of New York, 12-cv-01244-AJN.
What Quantek Investors Can Do
If you would like us to review your investment in the Quantek Opportunity Fund or discuss your legal rights, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.
About Zamansky & Associates LLC
Zamansky & Associates LLC is one of the leading law firms specializing in securities fraud and financial services arbitration and class action litigation. We represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.
To learn more about Zamansky, please visit our website, http://www.zamansky.com.
Zamansky & Associates, LLC
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414