SEC Charges California Advisory Firm AssetMark for Failing to Disclose Multiple Financial Conflicts
September 27, 2023
September 27, 2023
WASHINGTON, Sept. 27 -- The Securities and Exchange Commission issued the following news release on Sept. 26, 2023:
The Securities and Exchange Commission today announced that Concord, California-based registered investment adviser AssetMark Inc. has agreed to pay more than $18 million to settle charges related to undisclosed conflicts of interest involving a cash sweep program operated by its affiliated custodian and its receipt of millions of dollars in revenue sharing payments fr . . .
The Securities and Exchange Commission today announced that Concord, California-based registered investment adviser AssetMark Inc. has agreed to pay more than $18 million to settle charges related to undisclosed conflicts of interest involving a cash sweep program operated by its affiliated custodian and its receipt of millions of dollars in revenue sharing payments fr . . .