February 11, 2026
The U.S. Securities and Exchange Commission has inked an approximately $150,000 settlement with an investment adviser and his employer over the regulator's accusations of illegal cherry-picking, voluntarily dismissing a parallel suit against the pair months before a trial was set to get underway.
October 10, 2024
An Illinois federal judge has refused to hand an investment adviser and his employer a pretrial win over the U.S. Securities and Exchange Commission's accusations of illegal cherry-picking, saying a jury must determine whether he engaged in the unlawful trading strategy.