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Rating:The Sky is Falling on Chicken Little Funds
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Monday, November 05, 2007

The Sky is Falling on Chicken Little Funds

by: Neil Anderson, Managing Editor

The St. Louis-based fund group's founder faces fraud charges from Show Me State regulators. The St. Louis Post-Dispatch's Mary Jo Feldstein reports that, on Thursday, Missouri regulators accused Chicken Little Fund Group founder Stephen M. Coleman of fraud. They claim he sold advisory firm clients (of his other $7 million AUM firm, Daedalus Capital) investments in Chicken Little without disclosing the potential conflict of interest. The state's gunning for $200,000, plus costs and a revocation of Coleman's securities license. 

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