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Advanced SearchViolation Tracker Individual Record
Company: Fiduciary Asset Management LLC
Penalty: $2,859,858
Year: 2012
Date: December 19, 2012
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Fiduciary Asset Management agreed to pay nearly $3 million to settle allegations that it failed to adequately inform investors about the risky derivative strategies of a closed-end fund it managed.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
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