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ARTICLE · 05 OCTOBER 2011
Financial Services Alert – October 4, 2011
Goodwin Procter LLP
The SEC issued an order instituting administrative and cease-and-desist proceedings against a registered investment adviser (the "Adviser") and its founder and majority owner, who also served as its chief executive officer and chief compliance officer (the "Owner" and, collectively with the Adviser, the "Respondents") for misrepresenting in Form ADV the Adviser’s assets under management and for failing to disclose the Adviser’s poor financial condition to clients.
United StatesFinance and Banking
