The firm claimed that advertised statements were testimonials but the quotations came from a person who was no longer a client of the firm and ...
The firm claimed it was 'a true fiduciary that puts the client first by aligning incentives and eliminating conflicts of interest' without providing any context ...
The firm's web ad claimed it was recognized by Reuters AdvisePoint as one of 500 'Top Advisers' in the U.S. without disclosing that the award ...
The adviser's ad claimed a principal 'had been named one of the top wealth managers by the readers of San Diego Magazine for 14 consecutive ...
The firms placed an ad on its website containing two third-party ratings that did not clearly and prominently disclose the date on which the rating ...
The firm disseminated an ad claiming it 'serve[s] individuals and institutions independently, with no conflict of interest' without providing any context and after the firm ...
This comes courtesy of Lisa Marsden of Colter Strategic Services in Coral Springs, Fla.
Here's a policy that may give you ideas for improving your firm's OBA P&P
The adviser purported to rely on the audited financials alternative to comply with the custody rule but failed to timely deliver the audited financial statements ...
If you hire an auditor to examine your private funds, make sure the person does the job. If not, the SEC likely won’t come down ...