SEC Actions

'Repeated mistakes' in management calculations cost adviser

Problems were 'first identified by staff of the Commission’s Division of Examinations' in September 2019 but the adviser failed to remediate in an adequate manner

The adviser did not engage an independent public accountant to conduct the requisite audit

Perceptive omitted to disclose that Perceptive personnel shared ownership of the SPAC sponsors

After 2019, Aventura Capital continued to revise its disclosures with respect to its conflict of interest concerning 12b-1 fees, but Aventura Capital’s revised disclosures did ...

EIC’s failures caused the Funds and, ultimately, their LPs to pay $678,681 more in management fees than they should have paid

"KAI failed to (i) review these advisory accounts for inactivity as required under its internal policies and external disclosures, to determine whether wrap accounts remained ...

This is a final rule from 2022 amending the Commission's whistleblower rules

The staff continued to observe deficiencies relating to supervision, including many of the same types observed in the 2017 Risk Alert

The staff strongly encourages registered investment companies that invest significantly in Treasury Inflation-Protected Securities and that choose to advertise their SEC Yield to carefully consider ...