Defendant Name: Constellation Wealth Advisors LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: First Republic Bank
SIC Code: 6282
CUSIP: 33616C10

Initial Case Details

Legal Case Name In the Matter of Constellation Wealth Advisors
First Document Date 25-Aug-2016
Initial Filing Format Administrative Action
File Number 3-17501
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

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

Resolutions

First Resolution Date 25-Aug-2016
Headline Total Penalty and Disgorgement $100,000

Related Documents:

2016-167_Constellation 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.”
IA-4505 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 Constellation Wealth Advisors LLC. According to the SEC this 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."

Related Actions:

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