New Risk Alerts Focus on Wrap Fee Programs, Principal and Cross Trades
The SEC’s Division of Examinations has issued two risk alerts describing the staff’s observations resulting from initiatives on wrap fee programs (Wrap Fee Risk Alert) and principal and cross trades...
July 22, 2021
Dual-Registrant Pays Over $20 Million to Settle Share Class, Cash Sweep, and Illiquid Alt
The SEC has fined an Iowa-based dual-registrant over $20 million in connection with “disclosure failures and misleading statements to clients” arising from share class selection, revenue sharing, and compensation practices...
December 28, 2020
The SEC has charged two affiliated investment advisers in connection with material misrepresentations to boards of their mutual fund and ETF clients regarding payment for order flow arrangements and their...
August 10, 2020
SEC Charges Adviser in Connection with Trade Allocations to Day-Trading Clients
The SEC has charged a Connecticut-based investment adviser in connection with its allocation of trades to clients. The adviser has day-trading clients as well as clients that follow a buy-and-hold...
August 10, 2020
Wrap Fee Program Sponsor Fined $5 Million for Providing Misleading Information to Investors
Wrap Fee Program Sponsor Fined $5 Million for Providing Misleading Information to Investors May 19, 2020 The SEC has fined a dual-registrant that serves as a sponsor of wrap...
May 19, 2020
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