SEC strips 38 phantom advisers from its own database after filing
fraud
opalesque
1 month ago
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Matthias Knab, Opalesque for New Managers: The SEC 's Office of Investor Education and Assistance has issued an investor alert warning that fraudsters are exploiting a structural quirk of the U.S. adviser regime: the exempt reporting adviser (ERA) filing. Because ERAs appear on SEC systems while not...
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