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Violation Tracker Individual Record

Company: Wahed Invest, LLC
Penalty: $300,000
Year: 2022
Date: February 10, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Securities and Exchange Commission charged and settled with New York-based robo-adviser Wahed Invest, LLC for making misleading statements and breaching its fiduciary duty, and for compliance failures related to its Shari'ah advisory business.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.