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Alumni Venture Funds could be mismanaged / charging too high fees

By Hicbd
Wed Aug 24 2022 11:16 am

"On Friday, the US Securities and Exchange Commission (SEC) issued an order against Alumni Ventures Group (AVG), a venture capital firm that stood out for trying to associate itself with Ivy League (and other prestigious) universities and their alumni. The SEC charges that for years, AVG misrepresented its operations to investors, and also illegally transferred millions of dollars between its funds...The SEC fines were modest: $700,000 fine for AVG, and $100,000 fine for AVG founder and CEO Collins...It would not come as a huge surprise to see private lawsuits against AVG."

URL:
https://observer.com/2022/03/scoop-sec-fines-sketchy-ivy-league-vc-firm-what-took-so-long/
https://www.venturecapitaljournal.com/dissecting-the-secs-case-against-alumni-ventures/

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Categories:
Consumer Protection / Safety U.S. Securities and Exchange Commission (SEC) Investing / Portfolio Management Lawsuits / Personal Injury Alternative Investments

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