Tag: Conflicts of Interest
SEC Finds Breaches of Fiduciary Duty and Duty of Best Execution in Connection with Mutual Fund Share
A Pennsylvania-based dual registrant agreed to pay disgorgement, prejudgment interest, and a civil penalty totaling $927,107.
February 27, 2020
Tags: Conflicts of Interest, SEC Enforcement, Share Class Disclosure
SEC Charges Adviser for Failing to Disclose Financial Conflicts of Interest
The SEC has filed a complaint against a California-based investment adviser and its former co-owners for failing to disclose side compensation arrangements when recommending investments to clients.
February 27, 2020
Tags: Conflicts of Interest, Disclosure, Private Funds, SEC Enforcement
Takeaways for Advisers from SEC FAQs on Regulation Best Interest
The FAQs address questions related to a broker’s (i) communications and account “recommendations” that are subject to Reg BI; (ii) disclosure obligations; (iii) care obligation; and (iv) conflict of interest obligations.
January 16, 2020
Tags: Conflicts of Interest, Form CRS, Reg BI
SEC Co-Director of Enforcement Outlines Additional Areas of Undisclosed Conflicts
In a recent speech, Stephanie Avakian, Co-Director of the SEC’s Division of Enforcement, discussed the Division’s focus on identifying material conflicts of interest that are harmful to investors.
November 25, 2019
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