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Examinations Enforcement: SEC Actions

The Committee is monitoring the investment adviser and investment company space for failures to honor redemption requests at both private funds and registered investment companies
For nearly three decades, Marko Dimitrijevic was an impresario in emerging market funds. His firm, Everest Capital, attracted early investments from George Soros and Dimitrijevic’s ...
A New York private equity fund adviser has agreed to pay nearly $1.9 million to settle SEC accusations that it hid management fees from its ...
Even as the SEC is weighing changes to its fund valuation rules, it hasn’t stopped enforcing current ones, as mutual fund adviser Semper Capital Management ...
PAA’s registration as a broker or dealer is revoked
During his time on the UBS syndicate desk, Orellana understood that flippers generally did not qualify for retail priority
Groups have petitioned the SEC to end its 30-year "effort to ... outlaw Rule 12b-1 fees"
The initiative returned nearly $140 million to harmed investors
New issue municipal bonds were improperly obtained
“Gooder now recognizes the importance of rules regulating investment advisers and intends to continue complying with them ‘enthusiastically’ going forward”
Submissions contained missing or inaccurate data for nearly five years
Grenville Gooder failed to remain informed about compliance requirements and designated figurehead CCOs who would not undertake any actual compliance responsibilities
Lapse in forming an Investor Advisory Committee an issue
The three allegedly altered and withheld documents after OCIE examiners commenced an exam in 2016
Sideletter
SEC enforcement should focus on finding individuals responsible for wrongdoing, Democratic Commissioner Allison Herren Lee told a crowd of compliance professionals at the Investment Adviser ...
Private funds will be the subject of their own separate risk alert later this year, OCIE Director Pete Driscoll says. “That’s something we’ve been getting ...
Hafen defrauded his clients, convincing them he could put them in investments that would produce 6% annual returns but instead used their money for his ...
The SEC alleges Motty Mizrahi told investors his trading strategy was risk-free, clients would not lose money and they could withdraw their money at any ...
The client “hit rock bottom” after being told of Boggs’ alleged fraud
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