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Violation Tracker Individual Record

Company: Hudson Advisors L.P. and Lone Star Global Acquisitions Ltd.
Penalty: $79,700,000
Year: 2022
Date: September 12, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: After the SEC brought charges against registered investment advisers Hudson Advisors L.P. and Lone Star Global Acquisitions Ltd. for including Hudson's owner's anticipated income tax liability as a component of certain fees charged to 14 private equity funds they managed, Hudson and Lone Star Global agreed to pay $11.2 million in civil penalties and have reimbursed the affected funds $68.5 million, which includes interest on the undisclosed tax liability charges.
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.