Platinum receiver asks to resign over disagreements with SEC | Reuters

Bart Schwartz, chairman of professional monitoring firm Guidepost Solutions LLC, was appointed by the government as a receiver for two of Platinum’s three hedge funds after prosecutors in December accused leaders of the firm of running a more than $1 billion fraud. The six men pleaded not guilty to criminal and civil charges.

However, Schwartz and U.S. Securities and Exchange Commission staff working on the case have “differing views” on how best to liquidate Platinum’s portfolio, according to a letter he sent on Friday to Brooklyn federal court Chief Judge Dora Irizarry, announcing his intention to resign as Platinum’s receiver.

via Platinum receiver asks to resign over disagreements with SEC | Reuters