Hedge fund Deer Park Road Management Company has paid a $5 million penalty to settle charges from an SEC investigation that alleges its policies and procedures governing the valuation of fund assets had “compliance deficiencies.” In addition, the firm’s chief investment officer Scott E. Burg has paid a $250,000 penalty as part of the settlement… Read More >>
CLO ‘Diva’ to Fight SEC Over Fraud Charges
The self-styled “Diva of Distressed” Lynn Tilton is hitting back. After federal regulators announced Monday that Tilton’s private equity firm Patriarch Partners was being charged with defrauding investors, Tilton and Patriarch filed suit against the SEC on Wednesday. The SEC filed its charges in an internal administrative court, meaning the case would be decided there… Read More >>
