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Private equity fund adviser to pay $1.6m to settle charges for breaching its duties

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Martina Lindberg

1 min read
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California-based AIM transferred and loaned funds without the owners’ consent.

American Infrastructure Funds LLC (AIM), a private equity fund adviser, has agreed to pay more than $1.6m to settle charges with the SEC over breaching its fiduciary duty to private funds. The charges result from the company’s acceleration of portfolio company monitoring fees, for transferring a private fund asset

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