sec whistleblower attorneys
December 21, 2018
American Portfolios Advisers Inc., PPS Advisors Inc., Lawrence Nicholas Passaretti
Trading and Pricing
SANCTION AMOUNT: $1852099
Defendants: American Portfolios Advisers Inc., PPS Advisors Inc.
Lawrence Nicholas Passaretti
Two New York-based investment advisers and the CEO/Chief Investment Officer of one of them (PPS) settled charges that they selected mutual fund share classes inconsistent with disclosures to clients, including instances in which they had conflicts of interest.
- Key Docs
- Official SEC press release
