Investment advisers who think they can outsmart the Securities and Exchange Commission had better think again. Its not hip.

The SEC has revoked the registration of Thrasher Capital Management in New York for not providing the company’s books and records to the SEC in May 2009 and ignoring repeated requests to do so. The firm’s chief executive James Perkins has been suspended from working with any investment adviser for nine months as of November 19 when the decision was made.

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