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UDF Admits To Fraud Charges In SEC Settlement

Individually charged executives agree not to deny charges, must pay fines out of their own pocket

The Securities & Exchange Commission earlier this week filed charges against Grapevine, TX-based United Development Funding (UDF) and five of its senior executives. The move culminates a ruckus period that featured an FBI raid on the building, claims of threats against a journalist amid a crusading hedge fund manager and SEC...
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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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