Adviser Sanctioned for False Statements to Prospective Investors

JHW Headshot Photo 2016 (M0990045xB1386)The Securities and Exchange Commission sanctioned a private equity fund adviser and its chief executive officer for making false statements about the other investors that had committed to invest in one of the adviser’s private equity funds. As part of a settlement with the SEC, the adviser agreed to cease acting as an investment adviser and its chief executive officer was barred from the investment management industry and ordered to pay almost $375,000. In his article Adviser Sanctioned for False Statements to Prospective Investors, Josh Watson explains how the SEC determined that Gray Financial Group, Inc. misled investors regarding its private equity fund.

Read the full article on our website. For more information, please contact Josh Watson.

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