09.09.24

RIAs Settle SEC Marketing Rule Violations

by: Patrick Donachie

Nine registered investment advisors (RIAs) agreed to pay a total of about $1.2 million to settle charges they violated the U.S. Securities and Exchange Commission's (SEC) marketing rule. Corey Schuster, co-chief of the SEC Enforcement Division’s Asset Management Unit, said the ads at the heart of the allegations posed “a serious risk” of misleading clients. “Investment advisors must comply with all aspects of the marketing rule, and we will continue to hold them accountable when they fail to do so,” he said.

Read the full article on WealthManagement.com