3 days ago
- Business
- Wall Street Journal
Regulators Fine Private-Equity Firm TZP Over Excess Fees
U.S. regulators penalized TZP Group, a buyout firm that backs lower midmarket companies, for charging investors excessive management fees without proper disclosure.
On Friday, the Securities and Exchange Commission said TZP would settle the allegations by paying a $175,000 penalty and returning about $509,000 in improperly collected fees and interest to investors.
