SEC Charges Private Equity Fund Adviser American Infrastructure Funds for Breaching Its Duties
September 23, 2023
September 23, 2023
WASHINGTON, Sept. 23 -- The Securities and Exchange Commission issued the following news release on Sept. 22, 2023:
The Securities and Exchange Commission today announced that American Infrastructure Funds LLC (AIM), a Foster City, California-based registered investment adviser to private funds, agreed to pay more than $1.6 million to settle charges resulting from its acceleration of portfolio company monitoring fees, for transferring a private fund asset from funds nearing the end . . .
The Securities and Exchange Commission today announced that American Infrastructure Funds LLC (AIM), a Foster City, California-based registered investment adviser to private funds, agreed to pay more than $1.6 million to settle charges resulting from its acceleration of portfolio company monitoring fees, for transferring a private fund asset from funds nearing the end . . .