Defendant Name: Ladenburg Thalmann Asset Management Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Ladenburg Thalmann Financial Services Inc.
SIC Code: 6211
CUSIP: 50575Q10

Initial Case Details

Legal Case Name In the Matter of Ladenburg Thalmann Asset Managemet Inc.
First Document Date 25-Aug-2016
Initial Filing Format Administrative Action
File Number 3-17497
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Sections 206(4), 204(a) Advisers Act; Rules 206(4)-1(a)(5), 204-2(a)(16) Advisers Act

Resolutions

First Resolution Date 25-Aug-2016
Headline Total Penalty and Disgorgement $200,000

Related Documents:

IA-4501 25-Aug-2016 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing a Cease-and-Desist Order
On August 25, 2016, the SEC instituted a settled administrative proceeding against Ladenburg Thalmann Asset Management Inc. According to the SEC the matter arises from misstatements made by the company “to certain of its advisory clients, including clients with separately managed accounts invested in F-Squared Investments, Inc.’s (‘F-Squared’) strategy.”
2016-167_Ladenburg 25-Aug-2016 Press Release--Administrative Proceeding
Investment Advisers Paying Penalties for Advertising False Performance Claims
On August 25, 2016, the SEC announced “penalties against 13 investment advisory firms found to have violated securities laws by spreading the false claims made by an investment management firm about its flagship product.”

Related Actions:

SEC v. Howard B. Present
Howard B. Present
In the Matter of F-Squared Investments, Inc.
F-Squared Investments, Inc.