Deccan Value Investors Sets the Record Straight on 2022 SEC Settlement
Following the SEC’s rescission of its decades-old “gag rule,” Deccan exercises its restored right to publicly contest allegations it never admitted
Deccan Value Investors LP (“Deccan” or “the Firm”) today categorically rejects findings set out in the U.S. Securities and Exchange Commission’s August 3, 2022 settled order (the “Order”) suggesting that it acted negligently in handling redemptions requested by two clients in breach of fiduciary duty. Deccan believed then, and maintains today, that it acted lawfully, in good faith, and consistent with its fiduciary obligations to all its investors in connection with those redemptions.
At the time of the Order, Deccan was barred from commenting publicly on the filings. Under the SEC’s former “no-deny” policy (Rule 202.5(e)), every party that settled with the agency was forced to surrender its right to dispute the allegations against it as a condition of resolution. On May 18, 2026, the Commission rescinded that policy and Deccan now exercises the right it was previously denied. The Firm wants to state the following categorically about the SEC Order, which contains language that is open to misinterpretation:
