SEC Takes Adviser To Task For Endorsing Bayou
In a settled administrative proceeding filed Wednesday, the SEC found that New York-based Hennessee Group LLC and its principal, Charles J. Gradante, failed to conduct a reasonable investigation into red flags concerning Bayou.
The commission told Hennessee Group and Gradante to pay nearly $815,000 in disgorgement, civil penalties and prejudgment interest. The SEC also...
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