The SEC that Medley Management and its CEOs, Brook Taube and Seth Taube, allegedly overstated an important financial metric, creating a misleading appearance of future growth.
Summary
The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative and cease-and-desist proceedings be, and hereby are, instituted pursuant to Section 8A of the Securities Act of 1933 (“Securities Act”), Section 21C of the Securities Exchange Act of 1934 (“Exchange Act”), and Sections 203(e), 203(f) and 203(k) of the Investment Advisers Act of 1940 (“Advisers Act”) against Medley Management Inc., Brook B. Taube and Seth B. Taube (collectively, “Respondents”).
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