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[reyx-baron]

SEC Takes Action Against Algorithmic Trading Fraud Involving Over $1.5 Million

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.