Administrative Proceedings

These proceedings arise out of breaches of fiduciary duty and inadequate disclosures by registered investment adviser Cantella & Co., Inc., in connection with its mutual ...

At times during the period January 1, 2014 to September 30, 2017 (the “Relevant Period”), Respondent purchased, recommended, or held for advisory clients mutual fund ...

Respondent was obligated to disclose all material facts to its clients, including any conflicts of interest between itself and/or its associated persons and its clients ...

Respondent purchased, recommended, or held for advisory clients mutual fund share classes that charged 12b-1 fees instead of lower-cost share classes of the same funds ...

These proceedings arise out of breaches of fiduciary duty and inadequate disclosures by registered investment adviser SA Stone Investment Advisors Inc. in connection with its ...

Mutual funds typically offer investors different types of shares or “share classes.” Each share class represents an interest in the same portfolio of securities with ...

Respondent was obligated to disclose all material facts to its clients, including any conflicts of interest between itself and/or its associated persons and its clients ...

Respondent purchased, recommended, or held for advisory clients mutual fund share classes that charged 12b-1 fees instead of lower-cost share classes of the same funds ...

Respondent self-reported to the Commission the violations discussed in this Order pursuant to the Division of Enforcement’s (the “Division”) Share Class Selection Disclosure Initiative (“SCSD ...

Schmidt misappropriated over $1.16 million from accounts belonging to seven of his retail brokerage customers and transferred that cash to at least ten other customers ...