Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

balance scale

Mar 18, 2013

SEC Charges Asset Manager for Finder’s Broker-Dealer Registration Failure

Subscribe

Jump to...

 
On March 11, the SEC announced an unusual and technical enforcement case against a major asset management firm for paying finders’ fees to a consultant solicitor who was not registered as a broker-dealer. Specifically, the SEC has issued an administrative cease-and-desist order in a settled case against investment manager Ranieri Partners and one of its former employees. In the Matter of Ranieri Partners LLC & Donald W. Phillips, SEC Admin. Proc. No. 3-15234 (Mar. 8, 2013) (Order Instituting Admin. & Cease-and-Desist Procs.)

View full memo, "SEC Charges Asset Manager for Finder’s Broker-Dealer Registration Failure"

Authors and Contributors

Adam Hakki

Partner

Litigation

+1 212 848 4924

+1 212 848 4924

New York

Charles Gittleman

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7317

+1 212 848 7317

New York

Russell Sacks

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7585

+1 212 848 7585

New York

Paul Schreiber

Of Counsel

Investment Funds

+1 212 848 8920

+1 212 848 8920

New York

Azam Aziz

Partner

Derivatives & Structured Products

+1 212 848 8154

+1 212 848 8154

New York

John (Sean) Finley

Partner

Investment Funds

+1 212 848 4346

+1 212 848 4346

New York

Laura Friedrich

Partner

Investment Funds

+1 212 848 7411

+1 212 848 7411

New York

Nathan Greene

Partner

Investment Funds

+1 212 848 4668

+1 212 848 4668

New York

Donna Parisi

Partner

Derivatives & Structured Products

+1 212 848 7367

+1 212 848 7367

New York

Lorna Xin Chen

Partner

Investment Funds

+852 2978 8001

+852 2978 8001

Hong Kong

John Adams

Partner

Investment Funds

+44 20 7655 5740

+44 20 7655 5740

London

John A. Nathanson

Partner

Litigation

+1 212 848 8611

+1 212 848 8611

New York

Richard F. Schwed

Partner

Litigation

+1 212 848 5445

+1 212 848 5445

New York

Mark D. Lanpher

Partner

Litigation

+1 202 508 8120

+1 202 508 8120

Washington DC