A San Francisco-based investment advisory company, its founder and a former executive will pay a total of $4.27 million to settle federal securities regulators’ claims that they improperly diverted investors’ funds to the company’s parent firm for their own benefit, according to the terms of a settlement announced Friday.

The U.S. Securities and Exchange Commission announced the settlement with LendingClub Asset Management, founder Renaud Laplanche and former chief financial officer Carrie Dolan. An order formalizing the settlement, which also contained a list of charges against the respondents, was released at the same time.