A new enforcement action sends the message that any increase in fees constitutes a material change that needs to be disclosed
This is FinCEN's amendment to the Bank Secrecy Act to require IAs to develop and implement AML programs
In total, since 2018, Hi2 Manager violated the custody rule on 17 occasions
The firm advertised that it was rated a 'Top 12 Financial Advisor' by Barron’s when it actually was rated a 'Top 1200 Financial Advisor' by ...
The firm has recognized and disclosed various conflicts so it lacked a reasonable basis for believing it would be able to substantiate an ad that ...
The ad claimed the firm 'provides clients with conflict-free advice' while the firm lacked a reasonable basis for believing it would be able to substantiate ...
These changes will require more frequent reporting of monthly portfolio holdings and related information to the Commission and the public
The firm claimed that advertised statements were testimonials but the quotations came from a person who was no longer a client of the firm and ...
The firm claimed it was 'a true fiduciary that puts the client first by aligning incentives and eliminating conflicts of interest' without providing any context ...
The firm's web ad claimed it was recognized by Reuters AdvisePoint as one of 500 'Top Advisers' in the U.S. without disclosing that the award ...