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SEC Head Says 'Cracks' Found In Funds' Fiduciary Duty

By Ed Beeson (October 16, 2015, 4:37 PM EDT) -- Private fund advisers are drawing renewed scrutiny from the U.S. Securities and Exchange Commission after examiners have found instances where they cherry-pick investments, may improperly use data to market their firms or don't disclose how they hire related parties, the head of the agency said in speech Friday....

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