Defendant Name: Federated Global Investment Management Corp.

Defendant Type: Subsidiary of Public Company

Document Reference: IA-4401-s

Document Details

Legal Case Name In the Matter of Federated Global Investment Management Corp.
Document Name Fund Adviser Settles Charges Relating to Oversight of Consultant Relationships
Document Date 27-May-2016
Document Format Administrative Proceeding
File Number 3-17264
Allegation Type Investment Advisers/Investment Companies
Document Summary On May 27, 2016, the SEC announced that "Federated Global Investment Management Corp. (FGIMC), a registered investment adviser to the Federated Kauffman Funds, has agreed to pay a $1.5 million penalty to settle charges that it failed to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the misuse of material, nonpublic information in connection with FGIMC's use of outside consultants as part of its securities research and analysis services."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order

Related Documents:

IA-4401 27-May-2016 Administrative Proceeding
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
On May 27, 2016, the SEC instituted settled cease-and-desist proceedings against Federated Global Investment Management Corp. ("FGIMC"). According to the SEC: "This matter relates to FGIMC's failure to establish, maintain, and enforce written policies and procedures reasonably designed, taking into consideration the nature of its business, to prevent the misuse of material, nonpublic information in connection with FGIMC's use of outside consultants as part of its securities research and analysis activities."