Violation Tracker Individual Record

Company: 
ClearPoint Capital Management, LLC
Penalty: 
$327,026
Year: 
2016
Date: 
March 18, 2016
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

ClearPoint agreed to pay $75,000 to the Commission, plus $237,026 of improperly paid fees, plus $20,000 to the Investor Protection Trust and $5,000 to the Alabama Counsel on Economic Eduction, in settlement of allegations it allowed an unregistered investment advisor to trade in accounts using the registration of other advisors.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Alabama Securities Commission
Civil or Criminal Case: 
civil
Facility State: 
Alabama
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.