Fund Administrator Fined Over Alleged Role In $15M Fraud

By Jon Hill ( January 22, 2018, 8:46 PM EST) -- The U.S. Securities and Exchange Commission on Monday ordered a fund administrator to pay a $400,000 fine and more than $161,000 in disgorgement and interest to settle agency claims that it turned a blind eye to discrepancies in records related to the holdings of GL Income Beyond Fund amid fraud by one of the fund's portfolio managers....

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