Every story we've covered involving conflicts-of-interest.
The Securities and Exchange Commission announced settled charges against New York-based Zoe Financial Inc. for failing to fully disclose material conflicts of interest tied to its adviser-referral service and related business relationships. The SEC found Zoe Financial delayed disclosure about incentives tied to its Zoe Wealth offering and misstated how it mitigated conflicts arising from certain advisers’ minority ownership stakes, and ordered a cease-and-desist, censure, and a $450,000 civil penalty.
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