The SEC charged the private equity firm for failing to adequately disclose millions of dollars of real estate brokerage fees that were paid to a real estate brokerage firm owned by its CEO.
Prime Group Holdings LLC, a private equity firm based in Saratoga Springs, NY, has agreed to pay $20.5m to settle US SEC charges related to disclosure failures, the regulator said on Tuesday.
Prime Group failed to adequately disclose millions of dollars that were paid to a real estate brokerage firm
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