Sentences with phrase «unlicensed placement agent»
Democratic consulting firm Global Strategy Group, California lobbying shop Platinum Advisors, GKM Newport Generation Capital Services, LLC, and unlicensed placement agent Kevin McCabe also signed pacts.
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Cuomo's office on Thursday settled related cases with investment firms GKM Newport Generation Capital Services, California lobbying firm Platinum Advisors, political consulting firm Global Strategy Group and Kevin McCabe, an unlicensed placement agent.
As part of the agreement, which stemmed from Manatt Phelps & Phillips acting as an unlicensed placement agent, the firm agreed to a five - year ban from appearing before any public pension fund in New York and a $ 500,000 fine and cooperate with the ongoing investigation.
In a settlement deal, he admitted to acting as an unlicensed placement agent, agreed to the AG's Public Pension Fund Reform Code of Conduct and returned $ 52,000 he received in fees plus a $ 26,000 fine.
In addition, GKM Newport Generation Capital Services will pay the equivilent of $ 1.6 million, California lobbying firm Platinum Advisors will pay $ 500,000; and unlicensed placement agent Kevin McCabe (a former political strategist for ex-NYC Council Speaker Peter Vallone Sr.) will pay $ 715,000.
The meeting was referenced in the settlement between Global and the AG in which the firm agreed to pay $ 2 million for acting as an unlicensed placement agent.