Wednesday, February 10, 2021

SEC seeks U.S. monitor to oversee GPB Capital, Prime Automotive

SEC seeks U.S. monitor to oversee GPB Capital, Prime Automotive https://ift.tt/3d0YFpG

The SEC is worried that Prime's dealerships — which represent at least 70 percent of GPB's revenue — may be at risk for termination by manufacturers amid a change in control or that dealership sales could be forced.

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