9 registered investment advisers fined $1.24m by the SEC for marketing rule violations.
The SEC has fined nine registered investment advisers over $1.24 million for violating its marketing rule, which aims to prevent misleading advertisements. The firms, including Abacus Planning Group and Integrated Advisors Network, settled allegations of making unsubstantiated claims and failing to disclose necessary information in their marketing materials. The SEC's investigation into marketing rule violations remains ongoing.
September 09, 2024
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