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SEC says Horter Investment failed to supervise adviser for misconduct

SEC says the (now convicted) adviser stole from clients, thanks to the firm and its CEO failing to reasonably supervise him.

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Julie DiMauro

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Photo: Jeff Hutchens/Edit by Getty Images
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The SEC filed an order for administrative and cease-and-desist proceedings against Cincinnati-based Horter Investment Management and its CEO, Drew Horter. Horter Investment was ordered to pay a civil money penalty in the amount of $100,000 to the SEC.

According to the securities regulator, an investigation following the 2019 conviction of

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