SEC charges FlowPoint principal for breaching fiduciary duty to private funds

The SEC charged the adviser and principal with making misleading statements to Investors and breaching its fiduciary duties to private funds.

The SEC announced charges against FlowPoint Partners, LLC, and its principal, Peter J DeCaprio, alleging they made materially misleading statements to investors about an important safeguard for four private funds that they managed and advised.

The parties agreed to settle the action, and the company and DeCaprio have agreed to

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in