SEC Fines NY Adviser $1.5M Over Alleged SPAC Conflicts

By Jessica Corso ( September 6, 2022, 8:32 PM EDT) -- A New York-based investment adviser agreed Tuesday to pay a $1.5 million fine to end U.S. Securities Exchange Commission claims it funneled client money into transactions benefiting several special-purpose acquisition companies without revealing that some of its employees had a financial interest in the SPACs' successes....

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