Enforcement

SEC charges Bay Area private fund executives in alleged $80 million fraud

Atlas Watchline · September 1, 2026

Key facts

What happened

The SEC charged Mark D. Hanf and Hoai-Nam Chu Phan

Key facts

Why it matters

Hanf was the former CEO of Novato, California-based Pacific Private Money Group LLC (PPMG)

Key facts

The details

Phan was the former COO of a PPMG subsidiary and is also known as Nam Phan

Atlas Watchline

Read the full report

The SEC says two Pacific Private Money Group executives raised more than $80 million from mostly…

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