Adviser Fined for Unlawful Cross-Trades and Principal Transactions
An adviser was fined for unlawful principal and cross-trades after implementing an automated trade matching program.
December 01, 2022
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SEC Charges Adviser for Violating Short Selling Restrictions
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June 20, 2022
New York-Based Adviser Fined for Causing Brokers to Violate Short Sale Rules
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May 13, 2022
SEC Charges Trader with Front Running Employer’s Client Accounts
The SEC has filed a complaint in New York federal district court charging a trader at a Canada-based asset management and hedge fund adviser with engaging in a fraudulent front-running...
July 07, 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
SEC Fines Adviser $450,000 for Engaging in Prohibited Cross Trades and Principal Transactions
The SEC has settled charges with a Kansas-based investment adviser for engaging in cross trades on behalf of its registered fund clients without complying with the Investment Company Act rule...
October 02, 2020
New Jersey-Based Adviser Charged with Cherry-Picking
The SEC charged a New Jersey-based investment adviser and its president in connection with a “cherry-picking” scheme that the SEC alleges breached the adviser’s fiduciary duty to its advisory clients....
September 18, 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