The allegations against Neural Partners and one of its founders are “absolutely false,” Balal Faruki, the accused, has said. The Securities and Exchange Commission sued Faruki and his firm last week, accusing it of misleading investors and calling itself a hedge fund. The only problem, according to Faruki, is that Chicago-based Neural Markets isn’t a hedge fund but a private partnership, and it didn’t have investors, per se. Read FinAlternatives report here.
