SEC Fiduciary Duty

The adviser repeatedly violated the Advisers Act by casting proxy votes at more than 200 shareholder meetings without taking any steps to determine whether the ...

Waddell failed to implement its Compliance Policy over a six-year period when it repeatedly failed to follow up, including by failing to move clients from ...

Following a prior exam, the SEC continued to find hundreds of inactive accounts—each regularly paying IA fees—and determined the adviser failed its fiduciary duty in ...

Problems were 'first identified by staff of the Commission’s Division of Examinations' in September 2019 but the adviser failed to remediate in an adequate manner

The founder directed a Deccan officer to permanently 'delete their text messages.'” Ironically, text messages helped the SEC to make its case. It’s not clear ...

"The following is a staff bulletin styled as questions and answers reiterating the standards of conduct for broker-dealers and investment advisers in identifying and addressing ...

A peer shares the firm's rollover form created to comply with the Labor Department's new rollover exemption

Deccan lacked reasonably designed policies and procedures specifically addressing client and investor redemptions, creating or liquidating an LSPV, or balancing the associated conflicts of interest ...