AssetMark to Pay $18 Million Over Disclosure Failures | Barron's

Sep 26, 2023 · AssetMark agreed to pay more than $18 million to settle allegations that it didn’t disclose conflicts of interest involving a cash sweep program and revenue-sharing payments …

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AssetMark To Pay $18 Million Over Disclosure Failures | Barron's

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Sep 26, 2023 · AssetMark agreed to pay more than $18 million to settle allegations that it didn’t disclose conflicts of interest involving a cash sweep program and revenue-sharing payments …

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SEC Charges AssetMark For Failing To Disclose Cash Sweep Conflicts

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Sep 26, 2023 · The publicly-traded turnkey asset management platform AssetMark will pay $18 million to settle charges from the Securities and Exchange Commission that it failed to …

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AssetMark To Pay $18M Over SEC Financial Conflict Charges

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Law360 (September 26, 2023, 7:44 PM EDT) -- Investment adviser AssetMark Inc. agreed on Tuesday to pay more than $18 million to settle charges from the U.S. Securities and Exchange …

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SEC Charges California Advisory Firm AssetMark For Failing To …

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The Securities and Exchange Commission today announced that Concord, California-based registered investment adviser AssetMark Inc. has agreed to pay more than $18 million to settle …

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AssetMark To Pay $18 Million Over Disclosure Failures

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Sep 27, 2023 · AssetMark agreed to pay more than $18 million to settle allegations that it didn’t disclose conflicts of interest involving a cash sweep program and

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SEC Fines AssetMark $18m Over Alleged Disclosure Failures - Citywire

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Sep 26, 2023 · AssetMark has agreed to pay over $18m to settle charges from the Securities and Exchange Commission (SEC) that it failed to disclose conflicts related to a cash sweep …

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SEC Fines RIA $18 Million For Failing To Disclose Cash Sweep …

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Sep 28, 2023 · The Securities and Exchange Commission announced that Concord, California-based registered investment adviser AssetMark Inc. has agreed to pay more than $18 million …

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AssetMark Settles SEC Cash Sweeps Case | Financial Planning

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Sep 26, 2023 · The investment technology and support firm AssetMark has reached an $18 million settlement with the SEC over allegations that it didn't disclose conflicts with "cash …

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SEC Charges California Advisory Firm AssetMark For Failing To …

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This order includes censure, compliance with specific undertakings, and the payment of a civil penalty totaling $9.5 million. Additionally, AssetMark will disgorge over $8.5 million in revenue, …

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SEC Orders AssetMark To Pay $18M In Conflicts Of Interest Case

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Sep 27, 2023 · AssetMark agreed to pay a $9.5 million penalty and disgorgement and prejudgment interest of more than $8.8 million. The firm, a wholly owned subsidiary of …

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SEC Fines AssetMark $18m Over Alleged Disclosure Failures

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Oct 24, 2024 · retirement plan investor; Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

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SEC Orders AssetMark Inc. To Pay $18 Million To Settle Charges Of ...

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The order finds that AssetMark has violated the antifraud and compliance provisions of the Investment Advisers Act and as such has consented to a cease-and-desist order requiring it to …

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AssetMark To Pay $18m For Failing To Disclose Multiple Financial ...

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(HedgeCo,Net) The Securities and Exchange Commission has announced that Concord, California-based registered investment adviser AssetMark Inc. has agreed to pay more than …

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Twenty-Six Firms To Pay More Than $390 Million Combined To …

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Aug 14, 2024 · Osaic Services, Inc., together with Osaic Wealth, Inc., agreed to pay an $18 million penalty; Cowen and Company, LLC, together with Cowen Investment Management …

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FAQs about AssetMark to Pay $18 Million Over Disclosure Failures | Barron's Coupon?

Why did Assetmark pay $18 million?

AssetMark, a so-called turnkey asset-management platform, or TAMP, has agreed to pay more than $18 million to settle allegations of multiple financial conflicts of interest. The charges stem from a cash sweep program operated by its affiliated custodian, and the receipt of millions of dollars in revenue-sharing payments from third-party custodians. ...

Did Assetmark disclose conflicts of interest?

AssetMark agreed to pay more than $18 million to settle allegations that it didn’t disclose conflicts of interest involving a cash sweep program and revenue-sharing payments from custodians, the Securities and Exchange Commission said Tuesday. ...

Did Assetmark pay a penalty without denying SEC findings?

AssetMark (ticker: AMK), a technology and asset management services provider, agreed to pay the penalty without admitting or denying the SEC’s findings. A spokeswoman for the company declined to comment. “Investment... Welcome to Barron’s Advisor! Our content is free but available only to wealth management professionals. ...

Does Assetmark have a cease-and-desist order?

Without admitting or denying the SEC’s findings, AssetMark consented to a cease-and-desist order requiring it to be censured, comply with certain undertakings and pay a civil penalty of $9.5 million and disgorgement and prejudgment interest of more than $8.5 million, all of which will be distributed to harmed investors. ...

Did Assetmark violate antifraud and Compliance Provisions of the Investment Advisers Act?

The SEC’s order finds that AssetMark violated the antifraud and compliance provisions of the Investment Advisers Act. AssetMark, a publicly traded company trading under the ticker AMK, didn't respond to a request for comment for this story. ...

Did Assetmark set a fee for the cash sweep program?

“AssetMark did not advise clients that it helped set the fee that its affiliate custodian received for operating the cash sweep program,” the SEC order reads in part. That fee reduced the amount of interest paid to clients whose cash was automatically swept into affiliated accounts. ...