U.S. SEC alleges accounting fraud at Florida direct lender TCA -filing

BOSTON, May 11 (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Monday filed charges against Miami-area direct lending firm TCA Fund Management Group Corp. and its affiliates for alleged fraudulent revenue recognition practices, according to a court filing.

In January, TCA disclosed to investors that it was the subject of an SEC probe and was liquidating its main fund (story here here).

Reporting by Lawrence Delevingne, Editing by Franklin Paul