An investment adviser was fined for failing to adequately investigate concerns raised about the miscalculation of "risk share" returns used by a Pennsylvania public pension plan, and for material misstatements and omissions about the reasons for the miscalculation.
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FINRA collated SEC staff bulletins and FINRA resources to improve member compliance with Regulation Best Interest.
An investment adviser for private funds settled charges with the SEC for breach of fiduciary duty related to undisclosed account fees, transfers and accessibility.
An investment adviser settled charges with the SEC for breach of fiduciary duty after failing to properly evaluate whether leveraged exchange traded funds were in the best interests of its clients.
SEC Commissioner Mark T. Uyeda raised "significant concerns" over the establishment of ESG ratings standards, warning that such standards could give ratings firms too much influence over companies and asset managers who market themselves as ESG compliant.