Defendant Name: Medley Management Inc.

Defendant Type: Public Company

Document Reference: 2022-73

Document Details

Legal Case Name In the Matter of Medley Management Inc., Brook B. Taube and Seth B. Taube
Document Name Medley Management and Former Co-CEOs to Pay $10 Million Penalty for Misleading Investors and Clients
Document Date 28-Apr-2022
Document Format Administrative Proceeding
File Number
Allegation Type Issuer Reporting and Disclosure
Document Summary

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Monetary Penalties:

Civil Penalty

(Penalty was noted in document, but no amount was listed)

Related Documents:

33-11057 28-Apr-2022 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933, Section 21C of the Securities Exchange Act of 1934, and Sections 203(e), 203(f) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On April 28, 2022, the SEC instituted administrative and cease-and-desist proceedings against Medley Management Inc., Brook B. Taube and Seth B. Taube stating: "This case involves misrepresentations to investors by Medley Management Inc. (“MDLY”), its affiliate Medley LLC (Medley LLC and, together with MDLY, “Medley”) and its co-CEOs, Brook Taube (“B. Taube”) and Seth Taube (“S. Taube” and, together with B. Taube, “the Taubes”). Since at least August 2016, Medley negligently overstated an important financial metric, its assets under management (“AUM”), creating a misleading appearance of likely future growth."

Other Defendants in Action:

Brook B. Taube
Seth B. Taube