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News October 9, 2017 Issue

Platinum Settlement Lesson: Disclose Before Allocating Broken Deal Expenses

Private equity fund advisers would be wise to take note of the SECís recent settlement with Beverly Hills-based Platinum Equity Advisors. The large advisory firm, with approximately $13.4 billion in assets under management, paid more than $3.4 million to settle charges that it allocated undisclosed broken deal expenses to three of its private equity fund clients.

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