SEC Says Adviser's Clients Paid Founder's $50M Tax Bill
By Jessica Corso ( September 12, 2022, 6:04 PM EDT) -- The U.S. Securities and Exchange Commission announced Monday that two investment advisers have agreed to pay $11.2 million in civil penalties for allegedly charging private equity clients over $50 million to cover income tax liability that should have been paid by the billionaire founder of one of the firms. ...
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