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 …

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

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Sep 9, 2024 · Nine firms agreed to pay $1.24 million in total for failing to comply with the Securities and Exchange Commission's marketing rule. Finra Dings Ex-Edward Jones Broker …

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

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Sep 16, 2024 · (See August 2023 (first settlement with Marketing Rule violations charged), September 11, 2023 (nine advisers charged), and April 12, 2024 (five advisers charged). By …

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SEC Fines Nine Investment Advisers Combined $1.2M In ‘ongoing ...

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Sep 10, 2024 · SEC risk alert warns investment advisers of marketing rule missteps. 2024-04-18T21:01:00Z By Aaron Nicodemus. Examiners with the Securities and Exchange …

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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 Marketing Rule Sweep Dings 9 Advisory Firms For $1.2 Million

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The rule, which took effect May 2021 with a compliance date of Nov. 4, 2022, opened the door to new forms of advertising, but came with important caveats about providing context and …

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SEC Hammers Nine Firms With $1.24m In Penalties

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Sep 9, 2024 · Among the firms penalized, Abacus Planning Group Inc. will pay $150,000, while AZ Apice Capital Management faces a $70,000 penalty. Other companies, such as Beta …

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SEC Marketing Rule Quick Links - SEC Marketing Rule

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Sep 11, 2024 · RIAs to Pay $1.2M To Settle SEC Marketing Rule Violations (WealthManagement, September 9, 2024) SEC fines nine RIAs for alleged marketing rule violations (Citywire, …

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SEC Charges Nine Investment Advisers In Ongoing Sweep Into …

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The nine firms and their penalties are: ・Abacus Planning Group Inc. agreed to pay a civil penalty of $150,000; ・AZ Apice Capital Management LLC agreed to pay a civil penalty of $70,000;

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Hypothetical Dangers: SEC Fines Nine RIAs $850K Combined In …

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Sep 11, 2023 · The penalties ranged from $50,000 to $175,000 per firm. All nine firms agreed to the sanctions without admitting or denying the findings. The Commission overhauled its …

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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 Fines Wells, Merrill $60 Million Combined Over Cash Sweep ...

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Jan 17, 2025 · The Securities and Exchange Commission fined Wells Fargo Advisors and Merrill Lynch a combined $60 million for failing to pay advisory customers a fair rate on cash sweeps, …

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

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. ...

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 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 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. ...

How do investment advisers comply with the marketing rule?

An investment adviser must assess its obligations under the Marketing Rule, including the seven general prohibitions, and make all necessary arrangements to meet them. Almost all of the settlements involved, among other things, an alleged violation of Rule 206 (4)-1 (a) (1), the first of the general prohibitions. ...

Did the SEC AD a hypothetical performance to mass audiences?

The SEC’s orders find that each of the charged firms advertised hypothetical performance to mass audiences on their websites without having the required policies and procedures. In addition, two of the advisers, Macroclimate LLC and MRA Advisory Group, failed to maintain required copies of their advertisements. ...