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SEC Hits WL Ross with $2.3M Penalty

August 31, 2016 by Louis Chunovic

SEC officials report that WL Ross & Co. LLC, a New York-based private equity fund adviser, founded and chaired by investor Wilbur L. Ross, will pay a civil penalty of $2.3 million, plus reimbursements, to settle charges that it failed to disclose its fee allocation practices to the WLR Funds and their investors, resulting in… Read More >>

Filed Under: General Interest, Governance, AML/Fraud/Financial Crime, Regulation & Compliance, Industry News Tagged With: Advisers Act and Rule 206(4)-8, compliance, Donald Trump, Invesco, limited partnership agreement (LPA), management fees, private equity, registered investment advisor, SEC, The New York Times, Wilbur L. Ross, WL Ross, WL Ross & Co. LLC, WLR Funds

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