The firm will pay a $6.8 million fine for allegedly making false statements in regulatory filings.
Although vacated by a federal court earlier this year, the rules’ themes are still worth consideration
Disclosure requirements can be a hassle for companies, but investors seek to understand material risks.
Keith Cassidy will serve as interim acting director of the regulator’s examinations division, as Best takes second medical leave in a year.
Joshua Goltry ‘lied about nearly every aspect’ of his fund’s operations and performance, according to federal prosecutors and the SEC.
The independent committee needs representatives of pensions and mutual funds to bolster investor protection.
The regulator alleges the now-defunct HyperFund was a ‘pyramid and a Ponzi scheme.’
