On December 4, 2019, the Securities and Exchange Commission, (the “SEC” or “Commission”) filed a complaint against the defendants SBB Research Group, LLC (“SBB”), a registered investment adviser to several private investment funds (the “Funds”), Samuel Barnett (SBB’s owner and Chief Executive Officer (“CEO”) and Matthew Aven (SBB’s Chief Operations Officer (“COO”).

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SEC Sanctions Fund

Nov 13, 2019 9:46:49 AM

On November 6, 2019, the SEC announced an action against Investment Adviser BOLTON SECURITIES CORPORATION, dba BOLTON GLOBAL ASSET MANAGEMENT, for failing to disclose material conflicts of interest related to mutual fund 12b-1 fees and principal trading compensation generated from client investments. A Jury Trial is being demanded.

Convergence will supply its E-Risk Report, which gives insight into the high-risk business conditions that likely to have set the stage for the SEC actions, free to anyone that inquires. Report release, November 18th.

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NEW YORK, November 12, 2019 – The Investment Management Due Diligence Association (IMDDA), an exclusive investor-based organization dedicated to the professionals who perform investment and operational due diligence, today announced that Kelly DePonte, Managing Director at Probitas Partners, has joined the IMDDA Advisory Board as it expands in response to the growing global importance of due diligence. 

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