by Ara Jabrayan | Jun 13, 2025 | Disgorgement, fees, Fiduciary Duty, Investment Adviser Representative, Investment Advisers Act, Investment Advisers Act - Section 206(2), Penalties, Penalty, Registered Investment Advisers (RIAs), RIA Compliance
On June 2, 2025, the SEC accused a state-registered investment adviser and its owner/managing member of breaching their fiduciary duties. The SEC’s complaint alleged that the defendants defrauded their advisory clients by making false and misleading fee disclosures....
by Ara Jabrayan | Jun 13, 2025 | Broker-Dealer, Dually Licensed, fees, FINRA, Penalties, Penalty, Registered Investment Advisers (RIAs), Regulation Best Interest (BI), RIA Compliance
Although Registered Investment Advisers (RIAs) are not subject to FINRA oversight, dually registered firms may encounter problems with the self-regulatory organization (SRO). On May 15, 2025, Tracey Longo, Editor and Columnist for Financial Advisor Magazine reported...
by Ara Jabrayan | Jun 13, 2025 | Conflicts of Interest, Duty of Care, Fiduciary Duty, Investment Advisers Act - Section 206(2), Investment Advisers Act - Section 206(4), Investment Advisers Act - Section 206(4)-7, policies and procedures, Registered Investment Advisers (RIAs), RIA Compliance, RIA Compliance Policies, Wrap fee, Wrap Program
On March 19, 2025, the SEC obtained final judgment against a Registered Investment Adviser (RIA) that allegedly breached its fiduciary duty when making recommendations regarding wrap accounts. The firm also failed to disclose material conflicts of interest. The RIA...
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