Sadis & Goldberg LLP Successfully Defends Former Chief Investment Officer of $1 Billion-Plus Investment Adviser in SEC Investigation

NEW YORK, March 5, 2018 /PRNewswire/ -- Sadis & Goldberg LLP has successfully defended a former Chief Investment Officer ("CIO") of a $1 billion-plus investment adviser in a significant SEC investigation.  The SEC has been investigating the investment adviser and the firm's CIO client for alleged misallocation of performance reporting expenses and soft-dollar credits. But Sadis & Goldberg obtained an SEC Termination Notice for the client, confirming that the Staff did not intend to recommend an enforcement action against her.

This is the latest of several positive results for Sadis & Goldberg's Securities Enforcement practice in the past six months.  Other recent successful outcomes have included, (i) successfully representing a broker-dealer and its CEO in an investigation into alleged front-running and cross-trading involving an affiliated investment adviser, which was referred to FINRA's Department of Enforcement by the SEC, by obtaining a Letter of Caution with no sanctions; and (ii) obtaining a Letter of Caution with no sanctions against a large broker-dealer, in a FINRA Department of Enforcement investigation into violations of SEC market access rules.

Partner Sam Lieberman and associate Michelle Malone led the Firm's representation of the CIO on the SEC investigation.  If you have any questions about this matter or Sadis & Goldberg's Securities Enforcement practice generally, please contact Sam Lieberman of Sadis & Goldberg at (212) 573-8164 or by email at [email protected].

About Sadis & Goldberg LLP

Sadis & Goldberg LLP is a leading New York based law firm focused on delivering sophisticated and creative legal solutions in a highly professional manner.  The firm is recognized for its financial services practice that consists of representing several hundred investment advisers and related investment entities (including hedge funds, private equity funds and venture capital funds).  Similarly, the firm provides regulatory and compliance advice and representation in connection with SEC enforcement proceedings.  Notwithstanding the emphasis on the financial services industry, the firm also provides a full range of tax, litigation, regulatory, real estate, intellectual property and corporate services to its clients.

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