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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2022-09-09T19:06:00
Nine investment advisers failed to follow Securities and Exchange Commission (SEC) rules designed to keep clients’ assets safe and/or timely disclose financial updates following audits, the agency announced Friday.
BiscayneAmericas Advisers, Garrison Investment Group, Janus Henderson Investors, Lend Academy Investments, Polaris Equity Management, QVR, Ridgeview Asset Management Partners, Steward Capital Management, and Titan Fund Management will combine to pay more than $1 million in total penalties as part of separate settlements with the SEC.
Two of the advisory firms—Polaris and Janus Henderson—violated custody rules, one—QVR—failed to comply with Form ADV, and six firms were penalized for violations of both mandates, the agency said. Without admitting or denying the findings, the firms were censured and ordered to cease and desist.
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2023-09-06T20:36:00Z By Kyle Brasseur
The Securities and Exchange Commission announced penalties against five investment advisers as part of its second targeted sweep regarding violations of its custody rule and Form ADV requirements.
2023-02-15T22:24:00Z By Aaron Nicodemus
The Securities and Exchange Commission proposed registered investment advisers be required to place nearly any asset, not just cash and securities, with qualified custodians, thereby expanding the scope of client assets.
2022-08-12T18:26:00Z By Jeff Dale
The Securities and Exchange Commission settled charges against Florida-based investment adviser IFP Advisors and its former representative relating to a multiyear “cherry-picking” scheme.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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