SEC
Whistleblower
Advocates

February 07, 2017

SLRA Inc., as successor entity to Liquid Realty Advisors III, LLC, Scott M. Landress

Financial Fraud

SANCTION AMOUNT: $1,250,000

Defendants: SLRA Inc., as successor entity to Liquid Realty Advisors III, LLC
Scott M. Landress

Administrative proceeding based on SEC findings that Landress, a private equity adviser, withdrew improper fees from two private equity funds he managed through his investment advisory firm, SLRA. Earned fees were shrinking as the net asset value of the underlying investments (real estate) fell, so Landress allegedly simply withdrew more money for himself, purportedly as payment for services provided by an affiliate. In addition to the monetary sanction, he was also barred from the securities industry.

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