- 2012
- $115,000
Respondents were a registered investment adviser and its principal, and the matter involved misrepresentations and omissions of material fact regarding the returns achieved in 2008 and 2009 by respondent SMI. In addition to being a RIA, SMI published an online financial newsletter providing a service referred to as “auto-trading,” and the SEC found that respondents falsely described (exaggerated) the performance of the newsletter’s trading alerts.
