Investment firms settle with SEC for ignoring compliance programs

The firms charged have agreed to settlements in which they will pay financial penalties and hire compliance consultants

Three investment advisory firms agreed to settle civil charges after the Securities and Exchange Commission (SEC) sanctioned them for repeatedly ignoring problems with their compliance programs. 

The firms charged – Modern Portfolio Management Inc. (MPM), Equitas Capital Advisers LLC, and Equitas Partners LLC – have agreed to settlements in which they will pay financial penalties and hire compliance consultants, SEC officials said.

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Erin E. Harrison

Erin E. Harrison is the Editor in Chief of InsideCounsel magazine. Harrison’s professional background includes extensive expertise in both print and online media, highlighted by...

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