SEC charges five investment advisers in Marketing Rule enforcement sweep

The SEC charged five RIAs for Marketing Rule violations, pointing to misleading and improper hypothetical advertising in particular.

On Friday, the SEC announced settled charges against five registered investment advisers for violations of the agency’s Marketing Rule, specifically targeting the firms’ advertisements of hypothetical performance to the general public. All five firms agreed to settle the SEC’s charges and will pay $200,000 in combined penalties.

The five advisory

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