Asset Management Unit

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  SEC Charges N.Y. Fund Manager in Fraudulent LP Deal

  By Melanie Waddell, AdvisorOne  |  May 25, 2012

  The SEC announced Friday that it brought charges against a New York-based fund manager and his two firms for luring investors into a trading program that would “purportedly maximize their profits but instead spent their money in unauthorized ways.”

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  Fiduciary Duty Concept Release Likely by Summer: Ex-SEC Exec

  By Melanie Waddell, AdvisorOne  |  April 23, 2012

  The SEC may likely issue a concept release this summer regarding putting brokers under a fiduciary mandate, Andrew “Buddy” Donohue, the former director of the SEC’s Division of Investment Management, said Monday.

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  Are RIAs Really a Bigger Regulatory Problem Than Brokers?

  By Bob Clark, AdvisorOne  |  March 20, 2012

  A look at the number of enforcement actions against each group provides a ready answer: part two of a series on the Bizarro World inside the beltway

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  SEC, Industry Experts Issue Stern Warnings to CCOs

  By Melanie Waddell, AdvisorOne  |  March 8, 2012

  Chief compliance officers received a number of stern warnings on Thursday during the Investment Adviser Association’s annual compliance conference just outside Washington.

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  Social Media and You

  By Melanie Waddell, AdvisorOne  |  February 1, 2012

  Social media: Those two words have become ever present in our daily lives and it’s safe to say that, to some extent, a good portion of us use a social media outlet on a daily basis.

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  SEC Charges Advisor With LinkedIn Fraud, Issues Social Media Alerts

  By Melanie Waddell, AdvisorOne  |  January 4, 2012

  The SEC on Wednesday charged an Illinois-based advisor with offering to sell fictitious securities on LinkedIn, and the agency also released three alerts warning advisors of the risks advisory firms and investors face when using social media.

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  SEC to Crack Down on Lying Advisors

  By Melanie Waddell, AdvisorOne  |  December 7, 2011

  The SEC crackdown, Robert Khuzami said, was akin to “the crime-fighting approach championed by Rudy Giuliani in 1990s New York–-if you stop people when they commit small infractions, they are less likely to graduate to bigger ones.”

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  SEC Charges Three Advisors With Compliance Violations

  By Melanie Waddell, AdvisorOne  |  November 28, 2011

  The SEC on Monday charged three investment advisors for failing to put in place compliance procedures designed to prevent securities law violations.

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  Morgan Stanley Pays $3.3 Million in SEC Crackdown on Fee Arrangements

  By Melanie Waddell, AdvisorOne  |  November 16, 2011

  The SEC on Wednesday charged Morgan Stanley Investment Management with violating securities laws in a fee arrangement that repeatedly charged a fund and its investors for advisory services they weren’t actually receiving from a third party.