SEC Charges Nine Investment Advisers in Ongoing Sweep into …

Sep 9, 2024 · The Securities and Exchange Commission today announced settled charges against nine registered investment advisers for violating the Marketing Rule by disseminating advertisements that included untrue or unsubstantiated statements of material fact or …

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SEC Fines 9 Advisories For Marketing Rule Violations

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Sep 10, 2024 · The settlements represented a total of $1.24 million in fines and add to prior settlements based on breaking the SEC’s marketing rule, which went into effect in November …

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Nine RIAs To Pay $1.24 Million In Ongoing Marketing Rule Sweep: …

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Sep 9, 2024 · The SEC previously issued a separate round of fines totalling $850,000 against nine RIAs in September and followed that up with $200,000 in fines against five others in April. …

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Nine More Advisers Face $1.24 Million Fallout From SEC's …

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Sep 16, 2024 · September 30 is the SEC’s fiscal year-end, so it’s no surprise to see an uptick in enforcement cases this month. The latest slew of settlements involved violations of the …

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SEC Marketing Rule Sweep Fines 9 Firms | Financial Planning

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Sep 9, 2024 · SEC fines robo-advisor $1M in first case under new marketing rule SEC hits 9 firms for violations of marketing rule More isn't better: How advisors' videos can draw attention in a …

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SEC Hits 9 More Firms With SEC Ad Rule Violations - Wealth …

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Sep 12, 2023 · The Securities and Exchange Commission accused nine firms of marketing rule violations, with the companies paying a combined $850,000 for allegedly using hypothetical …

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SEC Marketing Rule Sweep Dings 9 Advisory Firms For $1.2 Million

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The SEC this week announced fines of more than $1.2 million against nine registered investment advisory firms for various alleged violations of that rule. The fines arose out of a continuing ...

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Twelve Firms To Pay More Than $63 Million Combined To Settle …

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Jan 13, 2025 · The firms admitted the facts set forth in their respective SEC orders, acknowledged that their conduct violated recordkeeping provisions of the federal securities laws, agreed to …

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FAQs about SEC Charges Nine Investment Advisers in Ongoing Sweep into … Coupon?

How much did the SEC fine a registered investment advisory firm?

The SEC this week announced fines of more than $1.2 million against nine registered investment advisory firms for various alleged violations of that rule. The fines arose out of a continuing examination initiative to evaluate how firms are complying with the Marketing Rule. ...

Did SEC charge 9 investment advisers in a marketing custody violation?

U.S. Securities and Exchange Commission, “SEC Charges Nine Investment Advisers in Ongoing Sweep into Marketing Custody Rule Violations” (Sept. 9, 2024) available at SEC.gov | SEC Charges Nine Investment Advisers in Ongoing Sweep into Marketing Rule Violations. ...

Did a registered investment adviser violate the marketing rule?

The Securities and Exchange Commission today announced settled charges against nine registered investment advisers for violating the Marketing Rule by disseminating advertisements that included untrue or unsubstantiated statements of material fact or testimonials, endorsements, or third-party ratings that lacked required disclosures. ...

Who is investigating a marketing rule violation?

The SEC’s ongoing investigation of potential Marketing Rule violations is being conducted by Marilyn Ampolsk, Colin Forbes, Jonathan Menitove, Donna Norman, and Emily Shea and supervised by Brianna Ripa, Andrew Dean, and Corey Schuster, all of the Division of Enforcement’s Asset Management Unit. ...

Who supervised the SEC's investigation of marketing rule violations?

The SEC’s ongoing investigation of potential Marketing Rule violations is being conducted by Marilyn Ampolsk, Jonathan Menitove, Donna Norman, and Emily Shea and supervised by Colin Forbes, Brianna Ripa, Andrew Dean, and Mr. Schuster, all of the Asset Management Unit. ...

Are advertisements violating the marketing rule?

The advertisements at issue in each of these actions violated the Marketing Rule and posed a serious risk of misleading investors,” said Corey Schuster, Co-Chief of the SEC Division of Enforcement’s Asset Management Unit. ...