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Court orders Aequitas to disgorge $453 million in fraud case

gavel-scales-justice-lawsuit

CEO Robert Jesenik and other firm executives were barred and penalized

A federal court in Oregon entered final judgments against Aequitas Management requiring the firm’s receiver to pay $453 million in disgorgement.

The Lake Oswego, Ore.-based investment management firm was the subject of a Securities and Exchange Commission complaint filed in 2016 alleging that Aeq

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