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
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