Securities And Exchange Commission v. Sisu Capital, LLC
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 SECURITIES AND EXCHANGE Case No. 3:23-cv-03855-JSC
COMMISSION,
8 Plaintiff, HANSUELI OVERTURF’S MOTION TO DISMISS v. Re: Dkt. Nos. 40, 41 SISU CAPITAL, LLC, et al., 11 Defendants.
12 The Securities and Exchange Commission (“SEC”) alleges Hansueli Overturf made unauthorized trades and gave unsuitable investment advice to clients of his son’s investment firm, Sisu Capital, LLC (“Sisu”), even though Mr. Overturf was suspended by the state of California from acting as an investment adviser. (Dkt. No. 1.) Now pending before the Court is Mr. Overturf’s motion to dismiss. (Dkt. Nos. 40, 41.) Having considered the briefing, the Court concludes oral argument is not required, see N.D. Cal. Civ. L.R. 7-1(b), and DENIES the motion to dismiss. The SEC has adequately pled Mr. Overturf aided and abetted Sisu’s and his son’s violations of sections 206(1) and 206(2) of the Investment Advisers Act of 1940, 15 U.S.C. §§ …