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Energy-Focused PE Firm Settles With SEC For $3.5M

By Joyce Hanson (September 15, 2016, 12:37 PM EDT) -- The U.S. Securities and Exchange Commission filed a cease-and-desist settlement agreement Wednesday with energy-focused private equity firm First Reserve Management LP for $3.5 million on charges that the group held conflicts of interest in its funds that it failed to disclose to investors, including legal fees....

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