The Securities and Exchange Commission (SEC) has charged with fraud a hedge fund adviser and top executives at the firm.

The SEC has charged SBB Research Group Inc., a Chicago-area hedge fund adviser and its two top executives with a multi-year fraud that inflated fund values. According to the SEC's complaint, SBB chief executive officer Samuel Barnett ( pictured ) founded the firm in 2010 while still in college, raised millions from friends and family members, and invested almost exclusively in structured notes. The complaint alleges that as SBB sought outside investors, Barnett and chief operating officer and

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