Violation 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
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.