Defendant Name:
A.R. Schmeidler & Co., Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
2013-139
Document Details
Legal Case Name
In the Matter of A.R. Schmeidler & Co., Inc.
Document Name
SEC Sanctions Two Investment Advisers for Best Execution Failures
Document Date
31-Jul-2013
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On July 31, 2013, the SEC announced that it "sanctioned two investment advisory firms for failing to seek best execution on client trades placed with their in-house brokerage divisions."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Related Documents:
IA-3637
31-Jul-2013
Administrative Proceeding
Order Instituting Administrative and Cease-And-Desist Proceedings, Pursuant to Section 15(b)(4) of the Securities Exchange Act of 1934 and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940 Against A.R. Schmeidler & Co., Inc., Making Findings , Imposing Remedial Sanctions and A Cease-And-Desist Order
On July 21, 2013, the SEC published an Order Instituting Administrative and Cease-and-Desist Proceedings. According to the SEC: "This matter involves the failure by ARS, a dually registered investment adviser and broker-dealer, to seek best execution in breach of its fiduciary duty under the Advisers Act in connection with certain of its advisory clients, and a failure to implement policies and procedures reasonably designed to prevent those violations."
33-9436
31-Jul-2013
Administrative Proceeding
Order Under Rule 602(e) of the Securities Act of 1933 Granting a Waiver of the Rule 602(c)(3) disqualification provision
On July 31, 2013, the SEC published an Order Under Rule 602(e) of The Securities Act of 1933. The SEC ordered that: "pursuant to Rule 602(e) under the Securities Act, that a waiver from the application of the disqualification provision of Rule 602(c)(3) under the Securities Act resulting from the entry of the Order is hereby granted."
34-70089
31-Jul-2013
Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 15(b)(4) of the Securities Exchange Act of 1934 and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940 Against A. R. Schmeidler & Co., Inc., Making Findings, Imposing Remedial Sanctions and a Cease-and-Desist Order
On July 31, 2013, the SEC instituted settled administrative and cease-and-desist proceedings against A.R. Schmeidler & Co., Inc. ("ARS"). According to the SEC: "This matter involves the failure by ARS, a dually registered investment adviser and broker-dealer, to seek best execution in breach of its fiduciary duty under the Advisers Act in connection with certain of its advisory clients, and a failure to implement policies and procedures reasonably designed to prevent those violations."
