SEC Enforcement Action for Violation of Marketing Rule

The Securities and Exchange Commission charging fourteen investment advisers for violating the Marketing Rule under the Investment Advisers Act of 1940. These advisers were found to have advertised hypothetical performance without ensuring it was relevant to the financial situation and investment objectives of their audience. This document outlines the specific violations, such as disseminating false information, failing to follow compliance manual policies, and not keeping records of advertisements. The SEC emphasized the importance of advisers implementing policies to ensure compliance with the Marketing Rule to protect investors.