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Adviser fined $10k for moving funds without proper authorization

The collapse of SVB prompted fears about insurance coverage. Photo: Justin Sullivan/Getty Images

Alexander Barzacanos

1 min read
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Move was sparked by fears of collapse in the wake of Silicon Valley Bank failure.

An investment adviser has been fined for playing a shell game with client funds during the 2023 banking crisis.

The SEC settled charges against LDP Partners LLC (LDP) and its manager, Himalaya Rao-Potlapally, of mismanaging the funds of its sole client, the BFM Fund, and publishing misleading financial statements about the

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