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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

$97 Million Refund

The SEC ordered four Transamerica entities on Monday to repay $97 million to investors for misleading them about “the quantitative models being used to manage their investments, which subjected them to significant hidden risks and deprived them of the ability to make informed investment decisions."

WASHINGTON — The SEC ordered four Transamerica entities on Monday to repay $97 million to investors for misleading them about “the quantitative models being used to manage their investments, which subjected them to significant hidden risks and deprived them of the ability to make informed investment decisions."

Categories / Securities

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