Lincolnshire Management, a New York-based private equity fund advisor, has agreed to pay more than $2.3 million in fines and penalties after the Securities and Exchange Commission charged it for breaching its fiduciary duties.

The case related to acquisitions Lincolnshire made 17 years ago.

One of the firm's private equity funds — Lincolnshire Equity Fund — purchased one company in 1997 while another of the firm's funds — Lincolnshire Equity Fund II — purchased another company four years later.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.