SEC Rule 206(4)-7(b)
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SEC accuses Macquarie of overvaluing asset values, issues $80m penalty
The SEC said the business also favored certain advisory clients when directing and executing cross trades, in violation of its fiduciary duty.
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SEC cites Sound Point Capital Management for its handling of nonpublic info
The SEC said the fund adviser’s policies failed to consider the potential impact of material nonpublic information gained from serving as company lenders.