SEC bars Fairfield hedge fund manager

The Securities & Exchange Commission is barring a Fairfield hedge fund manager after an SEC probe determined he squandered $1.8 million in client money through risky investment practices. Matthew J. Rossi created SJL Capital’s debut fund in 2016 in El Segundo, Calif., and in 2007 moved the firm to Fairfield prior to resigning from the fund. The SEC said Rossi covered up losses on options trades, including on Amazon and the predecessor company of Norwalk-based Booking Holdings, and failed to establish “safety valves” to limit losses.