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SEC charges FlowPoint principal for breaching fiduciary duty to private funds

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Julie DiMauro

3 min read
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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

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