The Securities and Exchange Commission (SEC) filed a lawsuit last week against a company and a specific business deal that directly involves President Joe Biden’s younger brother, James Biden. The complaint was filed in the Southern District of Florida against Third Friday Management and Michael Lewitt, a business associate of James’. The Commission alleges Third Friday and Lewitt participated in “fraudulent conduct and gross breaches of fiduciary duty” to their clients, the fund and investors. Prior to 2018, the company exclusively invested in S&P 500 index options and marketed it to investors. The Commission claims the company “suddenly changed course” without disclosing the new i
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