Defendant Name:
Fusion Investment Advisors LLC, d/b/a Coppell Advisory Solutions, LLC and Fusion Capital Management
Defendant Type:
Other
Document Reference:
IA-6725
Document Details
Legal Case Name
In the Matter of Fusion Investment Advisors LLC d/b/a Coppell Advisory Solutions, LLC and Fusion Capital Management
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
24-Sep-2024
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On September 24, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against Fusion Investment Advisors LLC d/b/a Coppell Advisory Solutions, LLC and Fusion Capital Management, stating: "These proceedings arise out of the failure of Fusion, a registered investment adviser, to fully and fairly disclose material facts and conflicts of interest with respect to its receipt of certain compensation, as well as material facts regarding its fee calculations."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Undertakings: "Within 30 days of the entry of this Order, notify advisory clients of the terms of this Order [...] Within 30 days of this Order, evaluate, update, and review for the effectiveness of their implementation, Respondent’s policies and procedures so that they are reasonably designed to prevent violations of the Advisers Act and rules thereunder [...] Within 45 days of the entry of this Order, certify, in writing, compliance with the undertakings set forth above [...]"
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Fair Funds
Monetary Penalties:
Disgorgement
Individual:
$94,412.35
Shared:
Civil Penalty
Individual:
$150,000.00
Shared:
Pre-Judgment Interest
Individual:
$14,054.00
Shared:
Total Penalty
Individual:
$258,466.35
Shared:
