SEC Charges IA Arrangement With Lender Illegal

published Oct 27, 2011
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Investment AdvisersAn investment adviser and his firm violated federal securities laws by investing a mutual fund's assets in certain 'alternative investment' securities pursuant to an improper, undisclosed quid-pro-quo agreement with a lender, the Securities and Exchange Commission charged Oct. 18 (SEC v. Welliver, D. Minn., No. 0:11-cv-3076-RHK-SER, 10/18/11).

Source: BNA - Securities Law Daily
Document ID: A0C9N5H0Y1_sld-bul
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