An investment adviser settled charges for making misleading statements in advertisements based on hypothetical performance.
News & Insights
At an SEC Investor Advisory Committee meeting, regulators, academics and market participants examined (i) the disparity in growth between the private and public markets, (ii) oversight of investment advisers and related custody rules, and (iii) a recent rule proposal regarding open-end fund liquidity risk management and swing pricing.
An investment adviser settled SEC charges relating to alleged misrepresentations on fees and failures to disclose conflicts of interest.
FINRA reminded member firms that FINRA rules establish minimum disclosure and other requirements as to mandatory arbitration provisions in customer agreements.
The SEC Office of Compliance Inspections and Examinations urged investment advisers to evaluate their fee and expense policies and procedures in order to meet compliance obligations.