Regulation
Hollywood Runs Afoul of the SEC
Financial regulator settles charges with movie financier, producer, and actor/rapper in two separate cases.
Scammers allegedly used investor funds to buy cars, jewelry, and luxury homes.
Alert of higher fees charged comes as Department of Labor clears way for PE in 401(k)s.
Sean and Shane Hvizdzak are accused of pocketing $26 million of investors’ funds.