The Securities and Exchange Commission has partially settled charges against Martin Silver of Long Branch, New Jersey, in connection with a scheme to overvalue assets held in a hedge fund offered by his investment advisory firm, International Investment Group.
In November 2019, the SEC charged IIG with fraud and revoked its registration as an investment adviser.
According to the SEC's complaint, from October 2013 until at least July 2018, Silver, the co-founder and chief operating officer of IIG, defrauded its clients by “grossly overvaluing the assets in IIG's flagship hedge fund.” This resulted in the fund paying inflated fees to IIG, some of which went to Silver.
Silver, who is cooperating with the SEC, consented to a two-part settlement, agreeing to be permanently enjoined from violations of the charged provisions, with monetary relief in an amount to be determined by the court at a later date upon motion of the Commission.
LIMRA data show record RILA demand as advisors lean on guaranteed income to calm anxious clients.
The firm's multiyear sponsorship agreements with Duke and Oregon athletics put it in front of a new generation of high-potential NIL earners.
The move follows earlier dealmaking and leadership changes as the Overland Park-based hybrid RIA builds toward a nonprofit-focused institutional platform.
From building multigenerational relationships to entering new adult planning areas and building healthy financial habits, higher education can be a gateway for advisors to become trusted partners to families.
The wirehouse-focused aggregator's rollout to more than 100 advisors lands as financial advisors race to add tax and estate planning tools.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
