The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies Prime Group Holdings Llc FollowNEW YORK, Sept 5 (Reuters) - Prime Group Holdings LLC, a private equity firm based in Saratoga Springs, New York, has agreed to pay $20.5 million to settle U.S. Securities and Exchange Commission charges related to disclosure failures, the regulator said on Tuesday. Prime Group failed to adequately disclose millions of dollars in real estate brokerage fees paid to a firm owned by its CEO. Prime Group did not adequately disclose to its investors that an affiliated firm was booking real estate brokerage fees related to an investment fund the group launched in 2017, the SEC said. A representative for Prime Group, which did not admit or deny the SEC's charges, declined to comment.

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Persons: Andrew Kelly, Chris Prentice, Chizu Nomiyama, Jonathan Oatis Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Prime Group Holdings, U.S, Securities, Exchange, Prime, SEC, Prime Group, Thomson Locations: Washington ,, Saratoga Springs , New York