Kornitzer Capital Management Inc. got itself in deep trouble with the Securities and Exchange Commission for creating high concentrations in one investment that lost millions of dollars for four collective investment trusts. CITs often include retirement plans, pension plans and insurance companies.
Although the SEC didn't name the company that Kornitzer Capital invested in, calling it only "Company A," the Mission-based investment company has been sued numerous times in relation to huge investments…
Kornitzer Capital Management Inc. got itself in deep trouble with the Securities and Exchange Commission for creating high concentrations in one investment that lost millions of dollars for four collective investment trusts. CITs often include retirement plans, pension plans and insurance companies.
Although the SEC didn't name the company that Kornitzer Capital invested in, calling it only "Company A," the Mission-based investment company has been sued numerous times in relation to huge investments…