SEC Charges Meyer Global Management and CEO with Defrauding Retail Investors
The SEC has filed charges against Meyer Global Management and its CEO for defrauding retail investors in private funds that held SpaceX and other pre-IPO securities.
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Evidence
- SSEC Press ReleasesRegulator2026-10-01 02:30
The Securities and Exchange Commission today charged private fund adviser Meyer Global Management LLC (MGM) and its CEO, Owen E.
- SSEC Press ReleasesRegulator2026-10-01 02:30
The Securities and Exchange Commission today charged private fund adviser Meyer Global Management LLC (MGM) and its CEO, Owen E.H. Meyer, with defrauding investors and MGM-managed funds in connection with investments in SpaceX and other pre-IPO securities.
- SSEC Press ReleasesRegulator2026-10-01 02:30
The complaint, filed in the U.S. District Court for the Southern District of New York, charges the defendants with violating antifraud provisions of the Advisers Act of 1940. The SEC seeks permanent injunctive relief, disgorgement of ill-gotten gains with prejudgment interest, and civil penalties against both defendants, as well as a conduct-based injunction against Meyer.