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The SEC alleges that the firm misled mutual fund investors via false advertisements.
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...
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