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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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 a new program giving its members access to background checks provided by Intelligo, a pioneer and leader in comprehensive, technology-driven background checks.

This new IMDDA member-only program provides access to Intelligo’s platform, Clarity, which leverages a combination of AI and human intellect to enhance the quality and depth of background checks. Intelligo Clarity far surpasses ponderous traditional background reports by vastly increasing sources reviewed, reducing report generation time, eliminating tedious paperwork with online SaaS reporting, and cutting error rates -- all provided with highly attractive economics.

“IMDDA is committed to helping members implement best practices throughout the due diligence process,” said Andrew Borowiec, Executive Director of the IMDDA. “Using Intelligo Clarity, IMDDA members around the globe can now save time and cut costs while at the same time boost background check quality and insights.”

According to Intelligo CEO Shlomo Mirvis: "We are driven by the vision of helping due diligence professionals gain full transparency before they enter and while involved in a deal. Our ultimate goal is to create a culture of trust, and we have built our technology to dive deep into the data and draw advanced connections so we can unearth every bit of information that can help your decision-making process and avoid unpleasant surprises."

Participating IMDDA members will now be able to draw upon Intelligo’s ground-breaking Clarity system features including:

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Comprehensive Standalone Solution Helps Asset Managers Ease Costs and Risks While Reducing Hurdles to Global Expansion

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