SEC
Whistleblower
Attorneys

December 10, 2019

Kornitzer Capital Management, Inc., John C. Kornitzer

Trading and Pricing

SANCTION AMOUNT: $7759118

Defendants: Kornitzer Capital Management, Inc.
John C. Kornitzer

Respondents, a RIA and its principal, agreed to settle charges that they failed to follow client instructions while serving as investment adviser to four collective investment trusts. Managing board members of these trusts directed Respondents to diversify and they committed to do so but did not, resulting in significant losses.

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