Premium Point had inflated the value of private funds it advised by hundreds of millions of dollars to hide poor performance.
Prime Group allegedly did not disclose that $18 million in fund fees went to a firm wholly owned by its CEO.
In dissent, Commissioner Peirce said the new rules will harm investors, while Commissioner Uyeda called them ‘arbitrary and capricious.’
Environmental and social resolutions boosted the number of filings this spring, ISS says, while anti-E&S resolutions also shot up.
Theorem Fund Services allegedly misappropriated and misused investors’ funds.
The proposed legislation would create a senior investor task force within the SEC.
Red Rock Secured allegedly tricked victims into selling off 401(k) assets to invest in coins at an exorbitant markup.
