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False Statements and Conflicts of Interest | Firm and Co-Founder Charged
SEC RELEASES Introduction On May 29th, the SEC announced charges against a previous RIA and its Co-Founder for statements made to investors and undisclosed conflicts […]
Read MoreReg SCI Failures | $10 Million SEC Charge
SEC RELEASES Introduction On May 22nd, the SEC announced a $10 million penalty against a business for failing to notify the SEC of a cybersecurity […]
Read MoreDuty of Care and Disclosure Violations | $1.3 Million SEC Charge
SEC Releases Introduction On October 10th, the SEC charged an RIA for breaching its fiduciary duties. The Firm failed to properly disclosure conflicts of interests through its use […]
Read MoreUnregistered Broker Activities | RIA Charged $821 Thousand
SEC Releases Brief Introduction An investment adviser was charged in September by the SEC for accepting compensation for brokerage services for its advisory clients. The adviser agreed to […]
Read MoreMaterial Misstatements Lead to SEC Charge | Marketing Rule
SEC Releases Brief Introduction The SEC remains active towards the Marketing Rule and has charged another Registered Investment Adviser (“RIA”) with violations towards it. As we reach […]
Read MorePrivate Equity Infrastructure RIA Charged for Breach of Duty
SEC Releases Brief Introduction Recently, the SEC charged a Private Equity Registered Investment Adviser (“RIA”) more than $1.6 Million for failures involving their fiduciary duty to Funds being managed. The RIA […]
Read MoreRIA Charged by the SEC for Repeat Compliance Failures
SEC Releases Brief Introduction A New York-based RIA was charged by the SEC for failing to adopt and implement written compliance policies and procedures, conduct an annual review […]
Read MoreVigilant Monthly Newsletter | August 2023
Vigilant Monthly Newsletter | August 2023 In August, we saw many Insights directly from the Vigilant Team, SEC New Rules and Releases, SEC Charges, Vigilant Insights and Announcements, […]
Read MoreFirm Charged $5 Million for Misleading Disclosures
SEC Releases Brief Introduction On January 23rd, the SEC charged a firm five million dollars for misleading disclosures. The firm provided a subscription service that provided daily price […]
Read MoreBreaches of Fiduciary Duty and Compliance Failures | SEC Charge
SEC Releases Brief Introduction Last month, an Investment Adviser was charged by the SEC with a $200,000 civil penalty and required to pay clients $575,589 in restitution for “breaches of fiduciary […]
Read MoreSEC Charges $1.1 Billion to 16 Wall Street Firms
SEC Charges $1.1 Billion to 16 Firms Brief Introduction On September 27th, the SEC charged 16 firms over $1.1 Billion in penalties for “widespread and longstanding failures” […]
Read MoreSEC Charges $35 Million Over Failures to Protect “PII”
SEC Charges $35 Million Over Failures to Protect “PII” Brief Introduction On September 20th, the SEC charged a well known Firm with a $35 Million penalty over […]
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