Questions about proper registration concerning Daniel Sternberg, Parkwood GP and Philco Consulting were uncovered during a hedge fund sweep in 2009
Investors invited to participate
Fund names not consistent with investment objectives or investment strategies, regulator says
IAP looking for investor comments on a variety of issues including fiduciary duty and restitution
Ernst & Young to administer the return of funds to investors
Officials considering enforcement
McErlean faces fines totalling $75,000
Senior staff at SEC, OSC agree to meet regularly
Fiduciary duty for advisors, cost of mutual fund ownership highlighted in the regulator’s draft statement of priorities
Watt Carmichael officers lose bid to have penalties struck down