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American Portfolios to Pay $1.75M for Overbilling, False Compliance Reviews
News July 14, 2025 at 11:24 AM
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What You Need To Know
- American Portfolios "erroneously billed and collected advisory fees on alternative investment positions," the SEC said.
- The firm also failed to disclose conflicts of interest around a fee arrangement with a clearing broker, according to the regulator.
- A former chief compliance officer was ordered to pay a separate $10,000 fine for backdating documents.
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