The SEC charged Matthew Melton with fraud, alleging he misled investors about his algorithmic trading scheme, collecting over $3.4 million.
Abstract:The SEC charged Matthew Melton with fraud, alleging he misled investors about his algorithmic trading scheme, collecting over $3.4 million. Melton claimed his algorithm could generate 12% monthly returns but was unprofitable, misusing over $1.5 million for personal expenses and Ponzi-like payments.


















