Neither Texas E&P Partners nor principal Mark Plummer showed up for hearing to answer investor's charges of gross negligence and recommending unsuitable investments.
Giant asset manager's inflows were down 42% in the first half.
Joe Voboril is seeking $20 million in damages for wrongful termination.
Can't afford a Ferrari? You can buy a share in one for $80.
Firm has created the ETF equivalent of a killer cyborg fund.
The S&P 500 gained just 2.9% in Q2, even as profits grew seven times as fast
The vast majority of the funds have posted a loss this year, pressured by the rising cost of leverage.
Lender's Hong Kong unit attempted to win banking business by offering jobs to sons and daughters of Chinese officials.
Although it applies only in Georgia, other courts and industry panels could refer to the ruling in similar cases.
Edward Lee Moody and CM Capital Management are charged with defrauding 60 investors.
