Action against Respondent, an accounting and advisory firm, for alleged violations of the SEC’s auditor independence rules. According to the SEC, Respondent failed to identify and avoid prohibited non-audit services and a prohibited employment relationship with several audit clients. The SEC alleges that Respondent represented that it was independent in audit reports that were included or incorporated by reference in public filings with the SEC or provided to private fund investors for the purpose of complying with the Custody Rule. Respondent has agreed to pay a civil penalty of $950,000.

SEC Order 

SEC Press Release