SEC Secures Judgment Against Direct Lending Investments

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Without admitting or denying the allegations of the complaint, Direct Lending Investments, a defunct online lending hedge fund, consented to judgment by the SEC on Tuesday. They will be required to pay a disgorgement of ill-gotten gains, prejudgment interest, and a civil penalty that has yet to be determined.

Read the full judgment here

Last modified: June 20, 2019
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