In addition, the Commission has been using administrative proceedings because they are more streamlined than civil litigation, says SEC Enforcement Director Andrew Ceresney.
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The Securities and Exchange Commission’s asset management division and broker-dealer task force have been focused on firm’s compliance programs, investment advisory fraud, and advisors’ fulfillment of their fiduciary duties. So reports ThinkAdvisor.
In addition, the Commission has been using administrative proceedings because they are more streamlined than civil litigation, says SEC Enforcement Director Andrew Ceresney.