Romney Bid Backed by Former Fidelity Trader Probed by SEC
A firm that was one of presumptive Republican presidential nominee Mitt Romney’s top financial boosters in March is owned by a former Fidelity Investments trader who settled a Securities and Exchange Commission investigation in 2008.
Seaspray Partners LLC of Palm Beach, Florida, gave $400,000 on March 1 to Restore Our Future, a political action committee that supports Romney, according to a report filed yesterday with the Federal Election Commission. It was the sixth-largest gift last month to the super-PAC backing the former Massachusetts governor.
The company belongs to Scott DeSano, former head trader for Boston-based Fidelity, according to online documents including Florida corporate filings. DeSano resigned from Fidelity in 2007, and settled in 2008 an SEC investigation for improperly accepting gifts from prospective clients.