Finally, the SEC’s order finds that the advisers repeatedly violate the reporting requirements of the Investment Advisers Act of 1940. Without admitting or denying the findings, each of the advisers agree to censure, a cease and desist order, and a $75,000 civil penalty. During the course of the SEC’s investigation, the advisers, to their credit, remediate their failures by submitting the requisite filings.
Home Financial Investigations Thirteen Private Fund Advisers Penalized by SEC for Recurring Filing Failures
