For at least the second time in seven months, the SEC has brought an enforcement action against a hedge fund for falsely informing investors that the fund or its executives were investing in the fund right alongside investors. “If you sell an investment with the pitch that you are co-investing and have ‘skin in the game,'” the SEC stated, “then you better actually have ‘skin in the game.'”
via Another Hedge Fund Nailed for ‘No Skin in the Game’ – Compliance Week
