A baker’s dozen of investment advisory firms has been penalized by the SEC for allegedly “spreading the false claims” of an investment management firm, proving that it can be costly to pass along data The SEC enforcement sweep yielded 13 investment advisers that the regulator says “accepted and negligently relied upon claims by F-Squared Investments… Read More >>
Virtus Settles AlphaSector Case with the SEC for $16.5M
Investment management firm Virtus Investment Advisers is paying a total of $16.5 million to settle a case with the SEC, which alleges that the firm misled mutual fund investors among others via advertisements that allegedly reported false historical performance data about AlphaSector, an exchange-traded fund (ETF) portfolio strategy. The charges against the Hartford, Conn.-based firm… Read More >>
