| |
| | Beacon Hill Asset Management LLC, John D. Barry, Thomas P. Daniels, John M. Irwin, and Mark P. Miszkiewicz, Defendants, ... |
 | | The four principals are John D. Barry, the President, Thomas P. Daniels, the Chief Investment Officer, John M. Irwin, the Senior Portfolio Manager, and Mark P. Miszkiewicz, the Chief Financial Officer. |
 | | On October 17, 2002, Beacon Hill finally announced the full extent of investor losses, admitting that, as of September 30, the NAVs of its hedge funds had declined 54% from previously reported August 31, 2002 levels, and further acknowledging that it had mis-priced securities in the funds prior to August. |
 | | The SEC alleges that by engaging in this conduct, Beacon Hill, Barry, Daniels, Irwin, and Miszkiewicz violated Section 17(a)(1), (2) and (3) of the Securities Act of 1933, and Section 10(b) of the Exchange Act of 1934 and Rule 10b-5 thereunder. |
| www.sec.gov /litigation/litreleases/lr18745a.htm (690 words) |
|