Trevor Clark and Chris Williams are out at Madison Capital Funding.
FORTUNE -- New York Life Investment Management has ousted the CEO of its mid-market lending subsidiary, Madison Capital Funding.
Fortune has learned that CEO Trevor Clark and fellow senior managing director Chris Williams were both terminated after allegedly violating NYLIM policies related to personal investments. Clark and Williams are two of the 12 year-old group's four co-founders.
Both men remain on the firm's MORE