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SEC says Horter Investment failed to supervise adviser for misconduct

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Photo: Jeff Hutchens/Edit by Getty Images

Julie DiMauro

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

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 Kimm

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