SEC Fiduciary Duty

While the Labor Department’s latest crack at establishing a new ERISA fiduciary duty definition grabs the headlines, the agency also moved to revise several prohibited ...

The adviser did not fulfill its duty of care obligations when it exchanged Wrap Program clients’ existing assets in certain mutual funds for other investments ...

When questioned by its bookkeeper, the CEO/CCO responded that they consisted of short-term loans from Fund A that he subsequently repaid to Fund A. However, ...

Because Forepont did not provide advance disclosure to the limited partners of the Cayman Fund of these material facts concerning the transfers and the associated ...

As Washington pressures industry, advice-of-counsel becomes "fertile ground" for litigation

Firm and President/CCO failed to implement P&Ps to ensure it understood the material features and risks of complex products

As Summit’s sole owner and investment adviser representative, President, and Chief Compliance Officer, Richard Urciuoli was responsible for Summit’s failures

By slipping 2019 fiduciary guidance in as dicta, Commission may signal a crackdown

This tool can help staff and clients decide the best option when rolling over funds

Masella, who knew the private placement shares were illiquid and restricted, worked with Pinnacle and its principals to classify the investment as “less liquid” rather ...