IAA 1940 Rule 206(4)-8
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SEC enforcement highlights valuation risks in affiliated loan transactions
After reviewing a recent case, Janaya Moscony offers lessons learned and explains why this matters for advisers.
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StraightPath founders convicted in pre-IPO investment scheme
Reported charges included selling pre-IPO shares the defendants did not possess, undisclosed fees, and mixing investor funds.
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SEC whips out final orders for violations grounded in supervisory, oversight lapses
Final settlement orders announced last week include those against firms for infractions often based in compliance program lapses.
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SEC charges Navy Capital with misrepresenting AML processes to investors
The SEC said the company represented to private fund investors that the firm was voluntarily complying with AML due diligence laws despite actual processes for same being used.
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SEC charges ESG RIA WisdomTree over inadvertent tobacco, fossil fuel investments
The charges arise from prospectuses stating that the company would exclude ESG-negative industries from its investments.
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SEC accuses Macquarie of overvaluing asset values, issues $80m penalty
The SEC said the business also favored certain advisory clients when directing and executing cross trades, in violation of its fiduciary duty.
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Deutsche Bank unit to pay $25m to settle SEC AML and greenwashing charges
Enforcement actions addressed a failure to develop a mutual fund AML programme along with misstatements in its ESG investment process.
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SEC charges CEO and President of Synergy Settlement Services with fraudulent operation of special needs pooled trusts
Defendants allegedly used funds from deceased beneficiaries’ accounts on golf tournaments and beach parties.