February 08, 2017 BY Valentina Kirilova
Private equity adviser barred from industry for improper withdrawal from funds
The Securities and Exchange Commission (SEC) announced that a private equity adviser has been permanently barred from the securities industry and must pay a $1.25 million penalty to settle charges that he withdrew improper fees from two private equity funds he managed. The SEC’s order finds that Scott M. Landress formed the funds to invest…
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