SEC Charges Hudson Advisors and Lone Star Global on Failing to Disclose Owner’s Income Tax Liability, Nearly $55 Million in Undisclosed Fees
Posted on 09/14/2022
Investment managers are supposed to put their clients’ interest first. The Securities and Exchange Commission (SEC) revealed 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…
