{"id":5265,"date":"2012-02-28T00:00:00","date_gmt":"2012-02-28T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2012\/02\/investment_adviser_roundup_two"},"modified":"2022-04-22T10:57:08","modified_gmt":"2022-04-22T15:57:08","slug":"investment-adviser-roundup-two","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investment-adviser-roundup-two\/","title":{"rendered":"Investment Adviser Roundup: Two Firms Pay Over $47M For Alleged Failure to Properly Disclose Allegations, District Court Allows Claims Involving Excessive Mutual Fund Fees, and Conn. Firm to Settle CDO Misrepresentation Allegations for $1.62M"},"content":{"rendered":"<p><strong>Investment Advisory Firms Settle SEC\u2019s Failure to Disclose Mutual Fund Risk Allegations for Over $47M<\/strong><\/p>\n<p>Claymore Advisors LLC and Fiduciary Asset Management LLC have agreed to pay over $47 million to settle SEC proceedings related to the roles that they allegedly played in failing to properly disclose the risky derivative strategies of a closed-end mutual fund. The strategies are partially to be blame for the collapse of the<\/p>\n<p>Fiduciary\/Claymore Dynamic Equity Fund (HCE) during the economic crisis. The two firms are resolving the claims without denying or admitting to wrongdoing, and some of the money will go toward reimbursing shareholders.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/investment-adviser-roundup-two\/\"  title=\"Continue Reading Investment Adviser Roundup: Two Firms Pay Over $47M For Alleged Failure to Properly Disclose Allegations, District Court Allows Claims Involving Excessive Mutual Fund Fees, and Conn. Firm to Settle CDO Misrepresentation Allegations for $1.62M\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investment Advisory Firms Settle SEC\u2019s Failure to Disclose Mutual Fund Risk Allegations for Over $47M Claymore Advisors LLC and Fiduciary Asset Management LLC have agreed to pay over $47 million to settle SEC proceedings related to the roles that they allegedly played in failing to properly disclose the risky derivative strategies of a closed-end mutual [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3742,3781,3799],"tags":[],"class_list":["post-5265","post","type-post","status-publish","format-standard","hentry","category-collateralized-debt-obligation","category-investment-advisers","category-mutual-funds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investment Adviser Roundup: Two Firms Pay Over $47M For Alleged Failure to Properly Disclose Allegations, District Court Allows Claims Involving Excessive Mutual Fund Fees, and Conn. Firm to Settle CDO Misrepresentation Allegations for $1.62M &#8212; Investor Lawyers Blog &#8212; February 28, 2012<\/title>\n<meta name=\"description\" content=\"Investment Advisory Firms Settle SEC\u2019s Failure to Disclose Mutual Fund Risk Allegations for Over $47M Claymore Advisors LLC and Fiduciary Asset Management &#8212; February 28, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/investment-adviser-roundup-two\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investment Adviser Roundup: Two Firms Pay Over $47M For Alleged Failure to Properly Disclose Allegations, District Court Allows Claims Involving Excessive Mutual Fund Fees, and Conn. Firm to Settle CDO Misrepresentation Allegations for $1.62M &#8212; Investor Lawyers Blog &#8212; February 28, 2012\" \/>\n<meta name=\"twitter:description\" content=\"Investment Advisory Firms Settle SEC\u2019s Failure to Disclose Mutual Fund Risk Allegations for Over $47M Claymore Advisors LLC and Fiduciary Asset Management &#8212; February 28, 2012\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investment Adviser Roundup: Two Firms Pay Over $47M For Alleged Failure to Properly Disclose Allegations, District Court Allows Claims Involving Excessive Mutual Fund Fees, and Conn. Firm to Settle CDO Misrepresentation Allegations for $1.62M &#8212; Investor Lawyers Blog &#8212; February 28, 2012","description":"Investment Advisory Firms Settle SEC\u2019s Failure to Disclose Mutual Fund Risk Allegations for Over $47M Claymore Advisors LLC and Fiduciary Asset Management &#8212; February 28, 2012","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/investment-adviser-roundup-two\/","twitter_card":"summary_large_image","twitter_title":"Investment Adviser Roundup: Two Firms Pay Over $47M For Alleged Failure to Properly Disclose Allegations, District Court Allows Claims Involving Excessive Mutual Fund Fees, and Conn. Firm to Settle CDO Misrepresentation Allegations for $1.62M &#8212; Investor Lawyers Blog &#8212; February 28, 2012","twitter_description":"Investment Advisory Firms Settle SEC\u2019s Failure to Disclose Mutual Fund Risk Allegations for Over $47M Claymore Advisors LLC and Fiduciary Asset Management &#8212; February 28, 2012","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/investment-adviser-roundup-two\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investment-adviser-roundup-two\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Investment Adviser Roundup: Two Firms Pay Over $47M For Alleged Failure to Properly Disclose Allegations, District Court Allows Claims Involving Excessive Mutual Fund Fees, and Conn. 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