2017-12-26 sec-litreleases litigation_release 65 KB 1,949 chars

SEC v. Anvil Partners, Inc.; and Jeremy Beck, No. LR-24021, Southern District of New York (Dec. 26, 2017) — Press Release

raw: Anvil Partners, Inc.

Anvil Partners, Inc., No. LR-24021 (S.D.N.Y. Dec. 26, 2017)

Caption
SEC v. Anvil Partners, Inc, et al.
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summary

Anvil Partners, Inc. and its principal Jeremy Beck were held in civil contempt for failing to comply with an SEC investigative subpoena, resulting in a $250 daily fine and Beck's arrest order.

paragraph

Anvil Partners, Inc., a registered investment adviser, and its principal Jeremy Beck were found in civil contempt for failing to comply with a court-enforced SEC subpoena. The SEC is investigating whether Anvil overstated its assets under management in public filings. The court imposed a $250 daily fine against both Anvil and Beck until compliance, and ordered Beck's arrest and appearance at a further hearing.

narrative

Anvil Partners, Inc., a registered investment adviser, and its principal Jeremy Beck were held in civil contempt by the U.S. District Court for the Southern District of New York for failing to comply with a court-enforced SEC subpoena. The SEC is investigating whether Anvil materially overstated its assets under management in public filings, a claim the firm ignored by refusing to produce requested documents. Despite a September 2017 court order compelling compliance, Anvil produced no documents, prompting the SEC to seek enforcement. On December 19, 2017, Judge Alison J. Nathan found both Anvil and Beck in civil contempt, imposing a $250-per-day fine until compliance, requiring reimbursement of service costs, and ordering Beck’s arrest for a January 10, 2018 hearing. The SEC’s investigation remains ongoing, with no final determination of securities law violations yet made. Anvil and Beck were also required to reimburse the SEC for the costs associated with serving court papers in this enforcement proceeding.

Enriched metadata

Scheme
investment-adviser-fraud (80%)
Court
Southern District of New York
Entity
Anvil Partners, Inc.
CIK
0001896300
Classified investment-adviser-fraud(confidence 80%). EDGAR detection: forms ADV/ADV-E/ADV-W/Form D· recall 33% / precision 13%. detection rule →
Parties
Securities and Exchange CommissionAnvil Partners, Inc.Jeremy Beck
Keywords
anvilsecorderanvil partnerssubpoenasecurities exchangeexchange commissioninvestigative subpoenaanvil beckcontemptpartnersincsecuritiescomplybeck

Exhibits & Attached Documents (1)

Extracted insights

Dollar amounts 1
  • $250 $250 <$10K
Entities 4
  • person judge alison j. nathan
  • agency Securities and Exchange Commission
  • organization Securities and Exchange Commission
  • agency the securities and exchange commission
Triples 10
  • The Securities and Exchange Commission announced today that, on December 19, 2017, Judge Alison J. Nathan of the United States District Court for the Southern District of New York issued an order finding Anvil Partners, Inc., a Buffalo, New York investment adviser
  • Judge Alison J. Nathan issued an order finding Anvil Partners, Inc., a Buffalo, New York investment adviser
  • Anvil Partners, Inc. failed to comply a court order enforcing an SEC investigative subpoena
  • Judge Alison J. Nathan found Anvil Partners, Inc. and its principal in contempt
  • Securities and Exchange Commission announced the contempt finding against Anvil Partners, Inc. on December 19, 2017
  • Anvil Partners, Inc. failing to comply a Court Order
  • Judge Alison J. Nathan issued an order
  • The Securities and Exchange Commission announced a Court Order
  • Anvil Partners, Inc. found in contempt a Court Order
  • United States District Court issued an order
PDF (from attached: pdf)
Order Holding Anvil Partners and Jeremy Beck in Civil Contempt · Source
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Extracted body text (1,949c) 
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 24021 / December 26, 2017 Securities and Exchange Commission v. Anvil Partners, Inc., No. 17-Misc-318 (S.D.N.Y.) Court Holds Registered Investment Adviser and Its Principal in Contempt for Failing to Comply with a Court Order Enforcing an SEC Investigative Subpoena The Securities and Exchange Commission announced today that, on December 19, 2017, Judge Alison J. Nathan of the United States District Court for the Southern District of New York issued an order finding Anvil Partners, Inc., a Buffalo, New York investment adviser registered with the SEC, and its majority owner, president, and chief investment officer, Jeremy Beck, to be in civil contempt of court for failing to comply with the court's prior order enforcing an SEC investigative subpoena directed to Anvil. The SEC is investigating, among other things, whether Anvil materially overstated its assets under management in its public filings. On June 6, 2017, the SEC issued an investigative subpoena to Anvil requiring that it produce certain documents. However, Anvil failed to produce any documents or otherwise respond to the subpoena. The SEC filed this subpoena enforcement action on August 21, 2017, and on September 21, 2017, the court entered an order requiring Anvil to comply with the SEC subpoena. Anvil failed to comply with the court's order, and, after holding a hearing on December 19, 2017, the court held Anvil and Beck in civil contempt. The contempt order requires Anvil and Beck to reimburse the SEC the costs of serving them with court papers in this proceeding, imposes a $250 daily fine against both Anvil and Beck until Anvil complies with the subpoena enforcement order, and orders Beck's arrest and appearance at a further January 10, 2018 hearing. The SEC is continuing its fact-finding investigation and to date has not concluded that anyone has violated the securities laws. Contempt Order
OCR text (1,949c · html-text · 99% conf) 
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 24021 / December 26, 2017 Securities and Exchange Commission v. Anvil Partners, Inc., No. 17-Misc-318 (S.D.N.Y.) Court Holds Registered Investment Adviser and Its Principal in Contempt for Failing to Comply with a Court Order Enforcing an SEC Investigative Subpoena The Securities and Exchange Commission announced today that, on December 19, 2017, Judge Alison J. Nathan of the United States District Court for the Southern District of New York issued an order finding Anvil Partners, Inc., a Buffalo, New York investment adviser registered with the SEC, and its majority owner, president, and chief investment officer, Jeremy Beck, to be in civil contempt of court for failing to comply with the court's prior order enforcing an SEC investigative subpoena directed to Anvil. The SEC is investigating, among other things, whether Anvil materially overstated its assets under management in its public filings. On June 6, 2017, the SEC issued an investigative subpoena to Anvil requiring that it produce certain documents. However, Anvil failed to produce any documents or otherwise respond to the subpoena. The SEC filed this subpoena enforcement action on August 21, 2017, and on September 21, 2017, the court entered an order requiring Anvil to comply with the SEC subpoena. Anvil failed to comply with the court's order, and, after holding a hearing on December 19, 2017, the court held Anvil and Beck in civil contempt. The contempt order requires Anvil and Beck to reimburse the SEC the costs of serving them with court papers in this proceeding, imposes a $250 daily fine against both Anvil and Beck until Anvil complies with the subpoena enforcement order, and orders Beck's arrest and appearance at a further January 10, 2018 hearing. The SEC is continuing its fact-finding investigation and to date has not concluded that anyone has violated the securities laws. Contempt Order

Related documents (1)