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Fees and Expenses
Two months ago, the SEC fined the advisory firm Equinox Fund Management in Denver for misleading investors about fees and valuation (IA Watch, Jan. 21, ...
A new SEC settlement fines an adviser $100,000 for overcharging some 25 clients an average of $250 per quarter due to faulty AUM calculations. What ...
Marco, MIM’s chief executive officer (“CEO”) and chief compliance officer (“CCO”), charged certain of the firm’s clients advisory fees that were calculated in a
manner different ...
Just because a particular issue gets trimmed from the SEC’s exam priorities list one year to the next doesn’t mean that issue has fallen off ...
J.P. Morgan Securities: Misleading disclosures about compensation leads to $4 million SEC settlement
This matter arises from false and misleading statements in certain JPMS marketing materials regarding how JPMS compensated registered representatives in its U.S. Private Bank (“JPM ...
Starting in at least 2009, Total Wealth and Cooper breached their fiduciary duties to their clients and investors through a fraudulent scheme to collect, and ...
Nowak was negligent in that he should have known that the confirmations sent to customers contained false and/or misleading information and omitted the markups/markdowns. Nowak ...
Hardly a week goes by now without the SEC bringing another enforcement action against a private fund adviser for issues tied to fees and expenses ...
CCA used Fund assets to pay for certain compliance, legal and operating expenses of CCA in a manner not disclosed in the Fund’s offering memoranda ...
The SEC has brought its first-ever enforcement action against a private equity adviser and four firm executives for failing to disclose conflicts of interest relating ...