September 07, 2022
A Pennsylvania federal judge on Wednesday ordered an investment advisory firm and three of its owners and officers to pay a combined $2 million to resolve an enforcement action from the U.S. Securities and Exchange Commission over the firm's mutual fund selection disclosures, but he declined to impose other sanctions he deemed to be overly punitive.
May 14, 2020
A Pennsylvania investment adviser hit with an SEC enforcement action on Wednesday over its mutual fund selection disclosures could have self-reported its practices but declined to do so, according to the agency.