The SEC has reached a settlement with an RIA specializing in retirement advice that failed to conduct mandatory compliance reviews for a more than four-year span while it was registered with the commission.
Under the agreement, Dupree Financial Group, based in Lexington, Kentucky, has accepted a censure for its compliance lapses and agreed to pay a $25,000 fine while also explicitly committing to avoid repeat violations of the relevant provisions of the Investment Advisers Act.
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