Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Violation of Custody Rules

The US Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for failing to comply with the custody rule under the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about the redemption process. SEC collects Galois capital according to (…)