Defendant Name:
Wilmington Trust Investment Management, LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
IA-6455-s
Document Details
Legal Case Name
In the Matter of Wilmington Trust Investment Management, LLC
Document Name
SEC Charges Investment Adviser for Failure to Disclose Conflicts and Duty of Care Violations
Document Date
10-Oct-2023
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On October 10, 2023, the SEC "announced settled charges against
Wilmington Trust Investment Management, LLC, a Delaware-based registered investment adviser, for breaches of
its fiduciary duties."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Disgorgement
Individual:
$999,559.00
Shared:
Civil Penalty
Individual:
$250,000.00
Shared:
Pre-Judgment Interest
Individual:
$77,588.00
Shared: