SEC Charges RIA With Fraud for Paid Investment Recommendations

WASHINGTON -- An investment advisory firm is facing fraud charges in connection with an undisclosed compensation arrangement the advisors allegedly maintained with their broker involving a set of mutual funds they were recommending to clients.

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Comments (1)
SEC has certainly stepped up regulations for organizations in financial services. With the dodd frank act making it mandatory for the SEC to examinations of these large funds, For funds under scrutiny it is important to ensure relevant documents and data are in place, and all work above board. I work with McGladrey and readers of this article will find this about SEC regulation interesting. "Is your fund prepared for the SEC's heightened regulatory focus?" @
Posted by James c | Wednesday, September 03 2014 at 10:19AM ET
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