The Commodity Futures Trading Commission (CFTC) announced Tuesday that Edward Walczak, former portfolio manager for N.Y.-based Catalyst Capital Advisors, was found liable for “engaging in conduct that operated as a fraud or deceit upon investors, potential investors, or investment advisers” in violation of the Commodity Exchange Act.
On April 15, a jury in the U.S. District Court for the Western District of Wisconsin issued a verdict after a five-day trial that was the culmination of an action brought by the CFTC against Walczak in January 2020.
