Dominic Diongson
If one US state enacts legislation to tax private equity execs more heavily, a host of others could follow.
The three firms, without denying or admitting the SEC's findings, will make settlements totaling $720,000.
Some private debt firms recently underwent full exams, while others had presence exams.
An industry executive says the regulator wants to ensure that expenses aren’t excessive and investors aren’t billed inappropriately.