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SEC charges Senvest Management with off-channel comms recordkeeping lapses

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Photo: Jiangang Wang/Getty Images

The invest adviser agreed to pay a $6.5m penalty and improve its compliance policies and procedures.

The SEC has announced charges against New York-based registered investment adviser Senvest Management LLC for widespread and longstanding failures to maintain and preserve certain electronic communications.

The SEC also charged Senvest with failing to enforce its code of ethics. In settling with the securities regulator, Senvest admitted the facts set