Examinations Enforcement: Settlement

Rogers was the chief operating officer of Talimco and a member of the firm’s investment committee from 2012 until his separation from the firm in ...

The Commission’s complaint alleged that Respondent defrauded clients of his advisory firm, Atlas Capital Management, Inc., who had invested $5.7 million in a company he ...

Wedbush failed reasonably to supervise one of its registered representatives, Timary Delorme (“Delorme”), who engaged in manipulative trading activity of penny stocks over multiple years, ...

We had told you in December to expect a slew of settlements from advisers that took advantage of the SEC’s self-reporting initiative (IA Watch, Dec. ...

some mutual fund share classes charge 12b-1 fees to cover fund distribution and sometimes shareholder service expenses. These recurring fees, which are included in a ...

These proceedings arise out of breaches of fiduciary duty and inadequate disclosures by registered investment adviser Raymond Lawrence Lent (dba The Putney Financial Group, Registered ...

Many mutual funds also offer share classes that do not charge 12b-1 fees (e.g., “Institutional Class” or “Class I” shares (collectively, “Class I shares”)).3 An ...

Respondent was required to give its clients sufficient information so that they could understand the conflicts of interest of the Respondent concerning its advice about ...

Respondent advised clients to purchase or hold4 mutual fund share classes that charged 12b-1 fees when lower-cost share classes of those same funds were available ...

some mutual fund share classes charge 12b-1 fees to cover fund distribution and sometimes shareholder service expenses. These recurring fees, which are included in a ...