A fund administrator settled charges with the SEC for failing to identify "red flags" of fraudulent behavior on the part of one of its hedge fund clients.
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An investment adviser settled SEC charges for imposing excess management fees and failing to disclose conflicts of interest.
The SEC Division of Investment Management issued guidance on the use of fee waiver and expense reimbursement arrangements that result in differing advisory fees for different share classes of the same fund.
A pricing service provider settled SEC charges for failing to disclose to customers that its independent pricing service could, at times, reach a valuation that would be largely driven by a single data input.
A bank holding company settled SEC charges for (i) failure to maintain accurate records regarding commercial real estate security valuations, (ii) failure to incorporate all available market data into its valuations, (iii) issuing material misstatements relating to its valuations and (iv) related supervisory failures.