SEC Charges Oregon-Based Investment Adviser for Failing to Disclose Revenue Sharing Payments

The SEC instituted a settled administrative proceeding against an investment advisory firm for failing to disclose a variety of conflicts of interest it had in, among other things, recommending a series of registered investment company funds which were promoted by that broker. In addition, the advisor failed to disclose certain of its sub-advisory fees to the trustee for the relevant mutual fund (as sub-advisor, it was also getting paid a hidden fee by the principal advisor).

View order here (links externally to SEC website).See also: SEC Press Release.