SEC charged New York-based Investment Adviser Insight Venture Management LLC with charging excess Management Fees

06/20 22:45

June 21 (Huobi) -The Securities and Exchange Commission today charged New York-based investment adviser Insight Venture Management LLC with charging excess management fees and failing to disclose a conflict of interest to investors relating to its fee calculations. To settle the SEC’s charges, Insight agreed to pay a $1.5 million penalty and $864,958 in disgorgement and prejudgment interest, which has already been paid back to the impacted funds.

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