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Violation Tracker Individual Record

Company: GLG Partners L.P.
Penalty: $8,954,346
Year: 2013
Date: December 12, 2013
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: A London-based hedge fund adviser and its former U.S.-based holding company agreed to pay nearly $9 million to settle allegations relating to internal controls failures that led to the overvaluation of a fund's assets and inflated fee revenue for the firms.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.