LendingClub Settles With SEC, DOJ
PYMNTS
OCTOBER 1, 2018
“Investment advisers have an obligation to put their clients’ interests ahead of their own,” said Daniel Michael, chief of the SEC’s Complex Financial Instruments Unit, about the decision. “By By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. The DOJ Finding. Attorney Alex Tse. “We
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