Last updated April 16, 2025
On January 21, 2021, the United States District Court for the Southern District of New York (“Court”) appointed Robert A. Musiala, Jr. of the law firm Baker & Hostetler LLP as the Receiver over defendants Virgil Capital LLC, Montgomery Technologies, LLC, Virgil Technologies, LLC, Virgil Quantitative Research, LLC and VQR Partners, LLC, including without limitation the assets of Virgil Sigma Fund, LP and VQR Multistrategy Fund, LP (collectively, “Receivership Entities”) in association with a cause of action filed by the United States Securities and Exchange Commission on December 22, 2020, captioned SEC v. Qin, et al., 20-cv-10849 (S.D.N.Y.) (“SEC v. Qin”).
Below is a list of frequently asked questions (“FAQs”) concerning the SEC v. Qin receivership. The answers to the below FAQs provide information currently available to the Receiver but in some cases are limited to the extent that further disclosure would risk compromising the Receiver’s ongoing efforts to locate and retrieve additional funds for the benefit of all claimants.
1 Definitions for all capitalized terms used but not defined in this FAQ can be located in the January 21, 2021, Order Appointing Receiver (“OAR”).