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Ex-SemGroup CEO Settles U.S. SEC Claims of Misleading Investors

Former SemGroup LP Chief Executive Officer Thomas L. Kivisto settled claims by the Securities and Exchange Commission that he mislead investors in one of the company’s subsidiaries about liquidity risks tied to energy trading.

Kivisto agreed to pay a $225,000 penalty and forfeit rights to SemGroup Energy Partners LP limited partnership units currently worth more than $1.1 million, the SEC said in an e-mailed statement.

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