CLIENT ALERT: SEC Censures Private Equity Fund Over Transaction and Other Fees; Requires Broker-Dealer Registration
June 2, 2016 – The SEC yesterday made it clear that routine historical business practices in the private equity community will need to change ... quickly. In a 12-page consent order, the SEC censured and imposed more than $3 million in disgorgement, penalties, fines and interest against fund manager Blackstreet Capital Management, LLC and its principal, Murry N. Gunty. Please click here to read the key findings in the SEC's consent order.
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