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Investment Firm To Pay SEC $3.5M Over Lying About PE Fund

By Tom Zanki ( September 29, 2014, 8:06 PM EDT) -- An Illinois federal judge on Monday granted summary judgment in favor of the U.S. Securities and Exchange Commission, ordering Resources Planning Group Inc. and its co-owner to pay it $3.5 million after RPG allegedly raised $1.3 million by lying to investors about a failing private equity fund and using the money to pay other debts....

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