The SEC charged the hedge fund advisory firm Alpha Titans LLC along with its principal Timothy P. McCormack and general counsel Kelly D. Kaeser with improper allocations of fund assets to pay undisclosed operating expenses. To settle the SEC’s charges, Alpha Titans and McCormack agreed to pay disgorgement of $469,522, prejudgment interest of $28,928, and a penalty of $200,000. Lesser agreed to pay a penalty of $75,000. SEC
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