Home Investment Advisers IA Rules & Regulatory Actions Adviser fined $1.4m over SPAC disclosures and compliance issues

Adviser fined $1.4m over SPAC disclosures and compliance issues

RTW failed to disclose conflicts of interest, made statements that omitted material facts, and failed to adopt reasonably designed written policies and procedures regarding RTW personnel’s ownership interests in SPAC sponsors and RTW’s practice of investing client assets in affiliated SPACs

Carl Ayers

May 31 2023

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