Action against Respondent, the principal of a registered investment advisor, for alleged failure to disclose conflicts of interest.  According to the SEC, Respondent advised clients to invest in promissory notes issued by a family of companies in which he had financial interests.  Respondent has agreed to pay disgorgement of $57,945, prejudgment interest of $9,088, and a civil penalty of $75,000, and to various professional bars. SEC Order SEC Administrative Summary