Activist investor Macellum Advisors hit with $75k penalty for failing to disclose third-party payments

The firm was accused by the SEC of failing to disclose potential conflicts of interest resulting from the fees it received from outside investors.

Macellum is known for pursuing an activist investing strategy, where it uses single-security investment pools to build large equity positions in public companies it believes are undervalued.

It then seeks to create value by effectuating management and board changes, either through negotiation or proxy contest.

That strategy brought Macellum considerable

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