How does the Receiver get paid? How are the costs of administration of the receivership companies estates paid?
Receivers compensation and the expenses incurred in pursuing claims and administering the receivership estates must come from the assets of the receivership estates they are not funded or supported by the SEC or other government funding. The Receiver must pay counsel, accountants and other professionals, and other service providers to assist in the administration of the estates. The SEC does have the right to seek and recover monetary penalties and disgorgement that will be turned over to the Receiver for the benefit of investors. However, the SEC is not in a position to pursue all available avenues of recovery. There are certain parties and certain claims that only the Receiver can pursue. The Receiver will be weighing the cost-effectiveness of recovery efforts and looking for ways in which to minimize receivership expenses. The Receiver requests that investors keep administration costs in mind when seeking information regarding the status of the receiverships and check the informatio
Receivers’ compensation and the expenses incurred in pursuing claims and administering the receivership estates must come from the assets of the receivership estate – they are not funded or supported by the SEC or other government funding. The Receiver must pay counsel, accountants and other professionals, and other service providers to assist in the administration of the estates. The SEC does have the right to seek and recover monetary penalties and disgorgement that will be turned over to the Receiver for the benefit of investors. However, the SEC is not in a position to pursue all available avenues of recovery. There are certain parties and certain claims that only the Receiver can pursue. The Receiver will be weighing the cost-effectiveness of recovery efforts and looking for ways in which to minimize receivership expenses. The Receiver requests that investors keep administration costs in mind when seeking information regarding the status of the receiverships and check the informat
