Mutual Funds

CIRA owes its advisory clients an affirmative duty of utmost good faith, is obligated to provide full and fair disclosure of all material facts, has ...

The Advisory Firm had an incentive to recommend the selection of the Capital Reserves and Daily Money share classes for clients, which generally provided clients ...

Case offers early lessons in delegation, cooperation

On Jan. 19th, 2020, the SEC formally withdrew the no-action letters. The list of the withdrawn letters is below

It would be ideal—if feasible—for advisers to set up 'an information barrier' that separates the index side of the business from the advisory side

ONIMCO had a conflict of interest when it recommended Sweep Account Options to its clients

"An investment adviser’s fiduciary duty also includes a duty of care. To fulfill this obligation, an adviser, among other things, must provide investment advice in ...

Birdthistle mixed it up in battles over proxy voting, fees and ESG

David Chiueh wore multiple hats at Upright Financial Corp. ($68M in AUM) in East Hanover, N.J.—president, portfolio manager and chief compliance officer. A new SEC ...

Upright Trust maintained no written policies and procedures .... did not have any specific procedures on calculating the NAV, and there were no procedures designed ...