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News April 13, 2015 Issue

Adviser Wants Trial by Jury: Tilton Sues SEC over Administrative Action

The SEC on March 30 filed an order instituting an administrative proceeding against advisory firm CEO Lynn Tilton. The agency claimed that Tilton and her Patriarch Partners advisory firms, which invest in distressed companies, misappropriated almost $200 million from clients by mischaracterizing the performance of fund assets.

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