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Violation Tracker Individual Record

Company: Alumni Ventures Group, LLC
Penalty: $5,400,000
Year: 2022
Date: March 4, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Securities and Exchange Commission charged venture capital fund adviser Alumni Ventures Group, LLC (AVG) with making misleading statements about its management fees and engaging in inter-fund transactions in breach of fund operating agreements. To settle the charges, AVG repaid $4.7 million to affected funds and agreed to pay a $700,000 penalty.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.