The Securities and Exchange Commission has accused former broker Surage Kamal Roshan Perera and his company, Janues Capital Incorporated, of deceiving an investor and fraudulently taking millions of dollars by misrepresenting investment opportunities and strategies, covering up trading losses, and using money from other sources to make false payments to the victim. The SEC has obtained court orders to freeze assets and prevent further loss of investor funds. Perera, who resides in Long Island, New York, allegedly claimed to the investor that Janues had privileged access to specific restricted securities at discounted rates through institutional connections. He also claimed to have a trading strategy called “Options Straddles,” which could prevent trading losses and offer returns of up to 9% with potential for returns of 50%. The SEC alleges that Perera and Janues used at least $3.5 million of the investor’s funds for high-risk and leveraged trading, resulting in trading losses of nearly $3 million. To cover up the losses, Perera provided the investor with fake confirmations and account statements showing expected returns and used money from other sources to make Ponzi-like payments to the investor. Antonia Apps, Director of the New York Regional Office, stated that Perera and Janues engaged in fraudulent behavior by defrauding millions of dollars from the investor, despite claiming to have insider access to securities through professional connections. The U.S. Attorney’s Office for the Eastern District of New York has also filed criminal charges against Perera. The SEC’s complaint accuses Perera and Janues of violating antifraud provisions of the federal securities laws, while Nishani Alahakoon, whose brokerage account Perera and Janues traded, has been named as a relief defendant. The SEC seeks permanent injunctions, disgorgement of ill-gotten gains with interest and penalties. The SEC’s ongoing investigation is led by Austin Thompson and Christopher Ferrante of the New York Regional Office, supervised by Hane L. Kim, Chief of the Retail Strategy Task Force, and Tejal Shah of the New York Regional Office. Kevin P. McGrath and Mr. Thompson will lead the SEC’s litigation against Perera and Janues. The SEC acknowledges the assistance of the U.S. Attorney’s Office for the Eastern District of New York and the Federal Bureau of Investigation.
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