In a litigated enforcement case, the SEC charged Joshua Goltry and JAG Capital Advisors LLC with a scheme to raise money for a hedge fund, defraud investors, engage in high-risk trading, and use proceeds for personal expenses. The U.S. Attorney’s Office for the District of New Jersey announced parallel criminal charges against Goltry.

The SEC has demanded a jury trial and is seeking permanent injunctions, an officer and director bar, disgorgement and civil penalties and further relief as applicable.