Lightyear Capital Settles with SEC Regarding Excessive Fee Issue

Posted on 01/04/2019

New York-based Lightyear Capital LLC was founded in 2000. Lightyear Capital agreed to pay a civil penalty of US$ 400,000 to settle claims that it overcharged investors in its flagship funds for 16 years. According to the U.S. Securities and Exchange Commission (SEC), from 2000 to 2016, Lightyear Capital flagship fund investors paid more than […]