sec whistleblower attorneys
September 30, 2019
Mid Atlantic Financial Management Inc.
Trading and Pricing
SANCTION AMOUNT: $1327002
Defendants: Mid Atlantic Financial Management Inc.
The SEC found that Respondent, which was eligible to self-report but did not, failed to fully disclose the conflicts arising from its selection of more expensive mutual fund share classes for clients when lower-cost share classes for the same fund were available. Respondent agreed to settle the charges.
- Key Docs
- Official SEC press release