SEC investigates Melvin Capital Management

The US Securities and Exchange Commission is reviewing Melvin Capital Management People familiar with the matter said investor disclosure and risk control measures followed after the hedge fund was crippled by last year’s stock meme rally.

The regulator has been in contact with investors in the hedge fund in recent months as part of an investigation into what founder Melvin Gabriel Plotkin and other senior executives told them after stock rally meme in January 2021, and whether it misled investors when it raised money last year.

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