SEC investigating Vision Capital

Vision Capital Advisors LLC, a New York-based hedge fund manager that has figured into several Sharesleuth stories (here and here), said Wednesday that the Securities and Exchange Commission is investigating its activities. 

The announcement followed a report by Reuters that the SEC issued subpoenas this summer to several investment firms that have done business with Vision. The company’s funds have invested hundreds of millions of dollars in small public companies, including a number of Chinese businesses that have gone public through reverse mergers with U.S.-listed shells.

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