Founder of "purported hedge fund" Market Neutral Trading LLC Charged by SEC with Fraud.
James Michael Murray, a Bay Area "hedge fund manager" operating Market Neutral Trading LLC has been charged by the SEC with defrauding investors. According to the SEC, James Michael Murray used an "independent auditor" that was in fact merely a shell company he created.
Murray, a Larkspur, California native, also reportedly invented fictional professionals on the "audit" company website. On wednesday, The U.S. Attorney’s Office for the Northern District of California also filed criminal charges against James Michael Murray. It's not clear if Market Neutral Trading LLC, based in San Francisco, actually conducted legitimate trading.
Market Neutral Trading is based at580 California Street 12th Floor, San Francisco, Ca 94104