{"id":30321,"date":"2024-08-20T17:03:28","date_gmt":"2024-08-20T22:03:28","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=30321"},"modified":"2024-08-20T20:35:29","modified_gmt":"2024-08-21T01:35:29","slug":"financial-advisor-misconduct-lawyer","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/financial-advisor-misconduct-lawyer\/","title":{"rendered":"Financial Advisor Misconduct Lawyer"},"content":{"rendered":"

When A Broker-Dealer’s Conflicts of Interest Costs Investors Money.\u00a0<\/strong>Cabaret, Grant & Co. To Pay Over $6M For Purportedly Profiting From Recommending Certain Mutual Funds and Money Market Funds Over Others<\/strong><\/p>\n

The US Securities and Exchange Commission (SEC<\/a>) is ordering investment advisory and brokerage firm Cadaret, Grant & Co. to pay over $6M for alleged conflicts of interest that allowed it to profit when clients would invest in certain\u00a0mutual funds<\/a>\u00a0and money market funds. According to the regulator, between January 2017 and March 2022, the Atria subsidiary committed\u00a0breaches of fiduciary duty<\/a>\u00a0and violated key regulations under the Investment Advisers Act of 1940.<\/p>\n

The SEC contends that Cadaret Grant received revenue-sharing payments from an unaffiliated clearing broker whenever advisory clients made investments in certain money market funds and mutual funds. The Commission said that, as a result, Cadaret Grant clients ended up indirectly paying fees when they were part of the expense ratio as investors of these mutual fund share classes.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

When A Broker-Dealer’s Conflicts of Interest Costs Investors Money.\u00a0Cabaret, Grant & Co. To Pay Over $6M For Purportedly Profiting From Recommending Certain Mutual Funds and Money Market Funds Over Others The US Securities and Exchange Commission (SEC) is ordering investment advisory and brokerage firm Cadaret, Grant & Co. to pay over $6M for alleged conflicts […]<\/p>\n","protected":false},"author":2,"featured_media":30323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,4055,4821],"tags":[5126],"class_list":["post-30321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-investigations","category-featured-investigation","category-financial-advisor-negligence","tag-financial-advisor-misconduct-lawyer"],"yoast_head":"\nFinancial Advisor Misconduct Lawyer<\/title>\n<meta name=\"description\" content=\"Shepherd Smith Edwards and Kantas Financial Advisor Misconduct Lawyer Teams have been 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