logo
logo

SEC and Hampton managing partner of BFM Fund settle charges

SEC and Hampton managing partner of BFM Fund settle charges

10/26/24, 6:17 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgoregon
Money
$10,000
Industry
angel investment
venture capital
financial services
Type
agreement
The Securities and Exchange Commission settled charges against Himalaya Rao-Potlapally, the Hampton-based managing partner of The BFM Fund, and a limited liability company for allegedly breaching fiduciary duties and misleading investors. The SEC alleged that LDP Partners and Rao-Potlapally willfully violated anti-fraud provisions of the Investment Advisers Act of 1940.

Company Info

Company
The BFM Fund
Location
oregon, united states
Additional Info
The BFM Fund is a Portland, Oregon-based seed-stage private venture capital fund focused on supporting Black, Indigenous, and people of color founders. It was founded in September 2020 as the Black Founders Matter Fund I.