September 21, 2015
First Eagle Investment Management, LLC, FEF Distributors, LLC
SANCTION AMOUNT: 39,747,879.75
Defendants: First Eagle Investment Management, LLC, FEF Distributors, LLC
Commision found that affiliated Respondents unlawfully caused the funds to pay nearly $25 million for distribution-related services, rather than making the payments out of the Respondents own assets as stated in the funds prospectus disclosures , and inaccurately reported to the funds boards how these payments were made.
- Key Docs
- Official SEC press release