A lie backed by an algorithm is still a lie.
Just because some prospective investors lack sophistication doesnt mean advisers will be successful in fraudulently enticing them. Its more likely that the SEC will answer that siren call.
A complaint filed by the SEC against a hedge fund advisory firm raises questions of what employees of small firms can and should do to confront wrongdoing.
Considering that a Ponzi scheme is literally built on nothing, its effects can last a long time.
The SEC is not giving up on adopting final rule amendments for target-date retirement fund marketing.
A false claim is a false claim, wherever it is published.
Check your fund names. If you find the words “protected” or “guaranteed,” consider changing or removing them. SEC staff believes these words may mislead investors. “The staff has recently heightened its scrutiny of fund names suggesting safety or protection from loss and has determined to object to names that may create an impression of protection […]
A firm with policies and procedures requiring compliance with a well-known SEC staff no-action letter found itself in trouble after SEC examiners alleged that the firm was not meeting those requirements.The SEC on October 23 filed an administrative order against Modern Portfolio Management, an Ohio-based investment adviser. The order was one of three the SEC […]
The SEC this week re-opened the comment period on the proposed amendments to Reg D, Form D and Rule 156. More than 480 comments are in so far, including from industry associations that are less than happy with some of the specific proposed amendments. The immediate net effect of the extended comment period is that […]