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SEC Fines REIT Advisers, Principal Over Improper Expenses

By Emilie Ruscoe (August 29, 2023, 9:34 PM EDT) -- A pair of real estate investment trust advisers and their principal will pay the U.S. Securities and Exchange Commission nearly $4.8 million as part of a deal to resolve claims they used investor money to cover payroll and office rent despite the fact that doing so ran counter to their promises to investors....

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