Alternative investment platform YieldStreet and a subsidiary have agreed to pay over $1.9 million to settle U.S. Securities and Exchange Commission charges that they failed to give investors critical information, the regulator said on Tuesday, Reuters reported. YieldStreet and its investment adviser subsidiary failed to disclose a heightened risk related to securities it offered related to transportation of a retired ship, the SEC said in a statement. A representative for YieldStreet, which did not admit or deny the SEC's findings, did not respond immediately to a request for comment.
