SEC revoked Shima Capital's investment adviser registration following a February 24, 2026 final consent judgment permanently enjoining the firm from future securities violations.
SEC revokes Shima Capital investment adviser registration
SEC filed civil complaint against Shima Capital and founder Yida Gao for $169.9M fraud involving falsified track records and undisclosed self-dealing. Fund announced orderly wind-down with FTI Consulting as independent adviser.