{"id":42768,"date":"2014-06-26T08:49:53","date_gmt":"2014-06-26T12:49:53","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=42768"},"modified":"2014-06-26T08:50:29","modified_gmt":"2014-06-26T12:50:29","slug":"private-equity-hedge-funds-firms-warned-of-pay-to-play-violations","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2014\/private-equity-hedge-funds-firms-warned-of-pay-to-play-violations.html","title":{"rendered":"Private Equity, Hedge Funds Warned Of \u201cPay-to-Play\u201d Violations"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/06\/e1e9561e7495b18df3a84e2b0585bb79.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-42769\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/06\/e1e9561e7495b18df3a84e2b0585bb79.png\" alt=\"e1e9561e7495b18df3a84e2b0585bb79\" width=\"288\" height=\"288\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/06\/e1e9561e7495b18df3a84e2b0585bb79.png 288w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/06\/e1e9561e7495b18df3a84e2b0585bb79-150x150.png 150w\" sizes=\"auto, (max-width: 288px) 100vw, 288px\" \/><\/a>New York (HedgeCo.Net) &#8211; Private equity firm TL Ventures has agreed to agreed to settle SEC charges by paying nearly $300,000 in a SEC case where the firm is charged with continuing to receive advisory fees from the city and state pension funds following campaign contributions.<\/p>\n<p>&#8220;Public pension funds are increasingly investing in alternative investment vehicles such as hedge funds and private equity funds.&#8221; LeeAnn Ghazil Gaunt, chief of the SEC Enforcement Division\u2019s Municipal Securities and Public Pensions Unit, said. &#8220;When dealing with public pension fund clients, advisers to those kinds of investment vehicles should be mindful of the restrictions that can arise from political contributions.&#8221;<\/p>\n<p><span style=\"color: #000000;\">An SEC investigation found that TL Ventures violated pay-to-play rules by continuing to receive compensation from two public pension funds \u2013 Pennsylvania\u2019s state retirement system and Philadelphia\u2019s pension plan \u2013 within two years after an associate made a $2,500 campaign contribution to a Philadelphia mayoral candidate and a $2,000 campaign contribution to the governor of Pennsylvania.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">The SEC\u2019s orders instituting settled administrative proceedings also charged TL Ventures and an affiliated adviser Penn Mezzanine Partners Management L.P. with improperly acting as unregistered investment advisers.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">Alex Akesson<\/span><br style=\"color: #000000;\" \/><span style=\"color: #000000;\">Editor for\u00a0<\/span><a style=\"color: #743399;\" title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br style=\"color: #000000;\" \/><a style=\"color: #743399;\" href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br style=\"color: #000000;\" \/><a style=\"color: #743399;\" title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a><span style=\"color: #000000;\">\u00a0is a premier\u00a0<\/span><a style=\"color: #743399;\" title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a><span style=\"color: #000000;\">\u00a0and community for qualified and accredited investors only. Membership in\u00a0<\/span><a style=\"color: #743399;\" title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><span style=\"color: #000000;\">\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<\/span><a style=\"color: #743399;\" title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a><span style=\"color: #000000;\">!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Private equity firm TL Ventures has agreed to agreed to settle SEC charges by paying nearly $300,000 in a SEC case where the firm is charged with continuing to receive advisory fees from the city and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-42768","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=42768"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42768\/revisions"}],"predecessor-version":[{"id":42772,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42768\/revisions\/42772"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=42768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=42768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=42768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}