SEC Charges Mutual Fund Adviser with Failing to Turn Over Records

The SEC charged an investment manager, David W. Dube, and his firm, Peak Wealth Opportunities LLC, for failing to provide SEC examiners with records of a mutual fund advisory business that invested in NASCAR-related stocks. Despite repeated requests, the firm failed to furnish certain records to the SEC. Among other violations, the firm failed to provide the fund's board of directors with information reasonably necessary to assess the firm's advisory fees.

Cross-Reference(s): ICA Sec 15(c); IAA Rule 203A-1(b)(2), 204-1(a)(1), 204-2(a)(1), (2), (4), (5) and (6), Sec 203A and 204

View in full here (links externally to SEC website). Additional Materials: SEC Order.