Skip to Primary Navigation

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

Roman ruins of a Macellum, or marketplace.
Roman Macellum, or marketplace, in ruins. Photo: Antonio Ciufo/Getty Images

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

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience