Violation Tracker Individual Record

Company: 
Guggenheim Partners Investment Management LLC
Current Parent Company: 
Guggenheim Partners
Penalty: 
$20,000,000
Year: 
2015
Date: 
August 10, 2015
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Guggenheim Partners Investment Management LLC agreed to settle charges it breached its fiduciary duty by failing to disclose a $50 million loan that one of its senior executives received from an advisory client.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
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.