September 4, 2024/US SEC The Securities and Exchange Commission today announced settled charges against ClearPath Capital Partners LLC for failing to comply with requirements related to the safekeeping of client assets and for its use of impermissible liability disclaimers in its advisory and private fund agreements. According to the SEC’s […]
Frauds & Scandals
SEC Charges Six Credit Rating Agencies with Significant Recordkeeping Failures
Firms admit to wrongdoing and agree to pay penalties totaling more than $49 million to settle SEC charges September 4, 2024/US SEC The Securities and Exchange Commission today announced charges against six nationally recognized statistical rating organizations, or NRSROs, for significant failures by the firms and their personnel to maintain […]
SEC Charges Boca Raton, Florida Private Equity Advisers with Marketing Rule and Registration Violations
September 4, 2024/US SEC The Securities and Exchange Commission today charged Black Dragon Capital, LLC (“Black Dragon Capital”), Black Dragon Capital Investment Management, LLC a/k/a Black Dragon Capital Investment Management, Inc. (“Black Dragon CIM”) (collectively, “Black Dragon Entities”), advisers to private funds, and their CEO, Louis Hernandez, Jr. (“Hernandez”), alleging […]
