By Kyle Brasseur2023-06-21T16:01:00
New York-based investment adviser Insight Venture Management agreed to pay a $1.5 million penalty in settling with the Securities and Exchange Commission (SEC) for allegedly overcharging management fees and failing to disclose conflicts of interest regarding fee calculations.
Insight, which does business as Insight Partners, also agreed to pay $864,958 in disgorgement and prejudgment interest to impacted funds, which it has already satisfied, the SEC said in a press release Tuesday.
Insight agreed to a censure and cease-and-desist order in reaching settlement.
2023-06-13T18:55:00Z By Kyle Brasseur
New Jersey-based investment adviser Sabby Management and its managing partner were charged by the Securities and Exchange Commission with engaging in a fraudulent short selling scheme involving the stocks of nearly a dozen public companies.
2023-05-08T17:03:00Z By Aaron Nicodemus
The Securities and Exchange Commission charged New York-based Pinnacle Advisors and several mutual fund trustees with aiding and abetting violations of its Liquidity Rule—the agency’s first enforcement action related to the policy.
2023-05-04T14:59:00Z By Aaron Nicodemus
The Securities and Exchange Commission passed new amendments requiring advisers to hedge and private funds to disclose events that could indicate systemic risk or investor harm, a move the regulator said will improve transparency within $20 trillion of market activity.
2025-09-08T14:27:00Z By Adrianne Appel
BNY, Citigroup, Santander, UBS, and two other financial institutions paid a total of $8.3M to settle separate compliance violations with the CFTC.
2025-09-05T18:10:00Z By Aaron Nicodemus
Deutsche Bank has agreed to pay a $3 million fine and has returned $5 million in fee overcharges to customers as part of a resolution with Hong Kong’s financial services regulator.
2025-09-04T17:31:00Z By Adrianne Appel
The majority owner of a Pennsylvania investment firm faces 100 years of prison time and huge fines for allegedly running a $770 million Ponzi scheme centered on an ATM company he also owned.
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