The Securities and Exchange Commission has fined Welsh, Carson, Anderson & Stowe for failing to disclose to investors the fees it received for buying items in bulk from an unnamed service provider, the Wall Street Journal reported April 26. Welsh Carson has agreed to pay $779,000 for failing to disclose the conflict of interest created by the fees, the story said.
Source: https://www.pehub.com/2018/04/sec-fines-welsh-carson-failing-disclose-fees-wsj/
Powered by WPeMatico
Comments are closed.