Fiduciary duty violations costs $275k and leads to principal’s bar

When questioned by its bookkeeper, the CEO/CCO responded that they consisted of short-term loans from Fund A that he subsequently repaid to Fund A. However, the CEO/CCO failed to draft any loan agreements or other documentation evidencing that the funds withdrawn from Fund A constituted loans

Carl Ayers -

October 4 2023

To read this article, you need to sign in.

You should only be asked to sign in once. Not the case? Click here

New to Regulatory Compliance Watch?

Register now

Get limited access to industry news, analysis and best practice guides, plus regular email updates

Email address

First name

first name

Last name

last name

Organisation

Country Phone number Job title

Job Title

To register, please review and accept our terms and conditions and privacy notice. I accept: sourceRegistration

Not for publication, email or dissemination

To read this article, you need to sign in.

New to Regulatory Compliance Watch?

Register now

Login

Sign in to your account

Nearly there!

We have just sent you an email so you can verify your account. Please check your spam or junk folder just in case it’s been delivered there.