August 14, 2020 BY Steffy Bogdanova
SCF Investment Advisors settle charges with SEC, agrees to return ill-gotton gains
SCF failed to disclose the conflict of interest to its clients nor did it adopt and implement procedures to prevent violations of federal securities laws regarding its mutual fund and money market sweep fund share class selection practices. In this way, SCF violated its duty to seek best execution. Dabney O’Riordan, Co-Chief of the SEC…
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