SEC Bars McGladrey Partner
- Monday, 11 May 2015
- News
 A McGladrey partner has been barred from practicing before the Securities and Exchange Commission for at least three years. Simon Lesser, age 58 of Wilmette, Ill., must also pay a $75,000 civil money penalty for what the SEC said was his failure to address related-party relationships in which a hedge fund illegally charged $3 million in expenses to feeder funds.
A McGladrey partner has been barred from practicing before the Securities and Exchange Commission for at least three years. Simon Lesser, age 58 of Wilmette, Ill., must also pay a $75,000 civil money penalty for what the SEC said was his failure to address related-party relationships in which a hedge fund illegally charged $3 million in expenses to feeder funds.
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