Company Overview of Interinvest Corporation Inc.
Interinvest Corporation Inc. is an employee owned investment manager. The firm also provides investment advisory services. It primarily provides its services to high net worth individuals. The firm also caters to individuals, endowments, pooled funds, pension and profit sharing plans, charitable organizations, corporations, and trusts. It manages separate client-focused equity, balanced, and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of companies across diversified capitalizations, including small-cap, mid-cap, and large-cap companies. For its fixed income portion of investments, the firm inv...
192 South Street
Boston, MA 02111
Founded in 1980
Key Executives for Interinvest Corporation Inc.
President, Portfolio Manager, and Chief Compliance Officer
Vice President and Director of Research
Chairman and Chief Investment Officer
Compensation as of Fiscal Year 2016.
Interinvest Corporation Inc. Key Developments
The Securities and Exchange Commission Announces Fraud Charges Against Interinvest Corporation
Jun 17 15
The Securities and Exchange Commission announced fraud charges against Interinvest Corporation and its owner for funneling more than $17 million in client assets into four financially troubled Canadian penny stock companies in which the owner has undisclosed business and financial interests. The SEC alleges that clients at Interinvest Corporation may have lost as much as $12 million of their $17 million investment based on the recent trading history of shares in the penny stock companies, some of which are purportedly in the business of exploring for gold or other minerals. Interinvest's owner and president Hans Peter Black has served on the board of directors of these companies, which have collectively paid an entity he controls approximately $1.7 million. Black's involvement with these companies and his receipt of payments from them created a conflict of interest that he and Interinvest failed to disclose to their advisory clients. The alleged violations were first identified in an SEC examination of the firm. The SEC's complaint filed in federal court in Boston alleges that Interinvest and Black have stonewalled the SEC's investigation. The SEC is seeking a court order to freeze Interinvest's assets and prohibit the firm and Black from continuing to exercise investment authority over client assets under management. As of April 2015, Interinvest purported to manage almost $95 million. The SEC's complaint filed alleges that Interinvest and Black violated the antifraud and related provisions of the federal securities laws. In addition to emergency relief, the SEC's complaint seeks to permanently enjoin Interinvest and Black from violating the securities laws and require them to repay allegedly ill-gotten gains with interest and penalties.
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